If a Good Is a Normal Good Then

question 73

Multiple Choice

If a good is a normal good then

• A) other things equal,no consumer will buy it
• B) a rise in income or wealth will increase the amount of the good that consumers will purchase
• C) a decline in income will increase the amount of it that consumers will purchase
• D) abnormal goods are never substituted for it
• E) normal consumers will always demand it

---

Definitions:

External Sources

Information, support, or materials obtained from outside an individual's immediate environment or organization.

Open Innovation

A business strategy that encourages companies to use external as well as internal ideas and paths to market in their innovation activities.

Web-Enabled Input

Refers to the capability to input data or information into a system through web interfaces, facilitating easier access and interactivity.

Open Innovation

A business model that encourages ideas and innovations to move freely across organizational boundaries, facilitating collaboration and speeding up development.