A Normal Good Is Defined by Economists to Be a Good

question 95

Multiple Choice

A normal good is defined by economists to be a good

• A) with a negatively-sloped demand curve.
• B) that is purchased by at least 75 percent of the population.
• C) that is bought by consumers with normal tastes.
• D) whose demand increases when incomes increase.
• E) whose demand decreases when incomes increase.

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Definitions:

Mescaline

Mescaline is a psychedelic compound derived from certain cacti, known for its hallucinogenic effects.

Emotional Elation

A state of heightened joy, happiness, or uplifted mood.

Mild Hallucinations

Perceptual experiences in the absence of external stimuli, which are less intense and less disruptive than full-blown hallucinations.

MDMA

A psychoactive drug, popularly known as ecstasy, that has stimulant and hallucinogenic effects.