A Decrease in Demand for a Normal Good Could Be

question 162

Multiple Choice

A decrease in demand for a normal good could be caused by a(n)

• A) increase in price
• B) decrease in price
• C) decrease in consumer incomes
• D) increase in consumer incomes
• E) increase in production costs

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Definitions:

Hypnotizability

The extent to which an individual is susceptible to respond to hypnotic suggestions and achieve a state of altered consciousness.

Memory Quiz

A test or assessment designed to measure the accuracy, capacity, or recall ability of an individual's memory.

Mental Alertness

A state of being awake and responsive to stimuli, indicating an ability to think clearly and quickly.

Caffeinated Beverage

A drink that contains caffeine, a natural stimulant that is found in coffee, tea, and cacao plants, known to enhance alertness and reduce feelings of tiredness.