If an Increase in Income Leads to a Decrease in the Demand

question 215

Multiple Choice

If an increase in income leads to a decrease in the demand for salami,then salami is

• A)an inferior good.
• B)a neutral good.
• C)a necessity.
• D)a normal good.

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Definitions:

Tuition Increase

The act of raising the cost of attendance, specifically the fees for instruction, at educational institutions such as colleges or universities.

Mood

A temporary state of mind or feeling that influences an individual's emotional state and perceptions.

Metaphors

Figures of speech that involve comparing one thing to another, typically for the purpose of explanation or clarification.

Abstract Concepts

Ideas or notions that do not have a physical or tangible existence but exist as thoughts or ideas in the mind.