The Difference Between Normal and Inferior Goods Is That

question 111

Multiple Choice

The difference between normal and inferior goods is that

• A) an increase in price will shift the demand curve for a normal good rightward and the demand curve for an inferior good leftward.
• B) if the price of a normal good increases, individuals who buy it are poorer; for inferior goods, the opposite is true.
• C) an inferior good is something that will not be demanded until quantities of the normal good have been exhausted.
• D) an increase in income will shift the demand curve for a normal good rightward and the demand curve for an inferior good leftward.

---

Definitions:

Longevity

The length or duration of a person's life, particularly in relation to good health and lifespan extension practices.

Antipsychotic Drugs

Medications primarily used to manage psychosis, notably in disorders like schizophrenia, by altering brain chemistry to reduce psychotic symptoms.

Nursing Home Residents

Individuals, often elderly, living in a facility that provides a range of personalized healthcare, supervision, and daily living assistance.

Proportion

A mathematical or statistical relationship showing the relative sizes or significance of two quantities to one another.