Sugar Is a Normal Good

question 246

Multiple Choice

Sugar is a normal good. You observe that both the equilibrium price and quantity of sugar have risen over time. Which of the following would be most consistent with this observation?

• A) Consumers have experienced an increase in income and sugar-production technology has improved.
• B) The price of artificial sweetener has risen and the price of coffee has fallen.
• C) Consumer tastes have changed so as to prefer sugar less than before.
• D) The demand curve for sugar must be positively sloped.

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Definitions:

Positively

In a manner that is optimistic, constructive, or beneficial, often associated with affirmative actions and outcomes.

Neuroticism

A personality trait characterized by anxiety, fear, moodiness, worry, envy, frustration, jealousy, and loneliness.

Conscientiousness

A personality trait characterized by diligence, carefulness, and a desire to do a task well, often linked to reliability and self-discipline.

Extroversion

A personality trait characterized by sociability, talkativeness, assertiveness, and high levels of emotional expressiveness.