Suppose Good a Is a Normal Good

question 28

Multiple Choice

Suppose Good A is a normal good. Which of the following will increase the demand for Good A?

• A) An increase in the price of its substitutes
• B) A lower expected future relative price of A
• C) An increase in the price of its complements
• D) A decrease in income

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Definitions:

Leadership Role

A position of influence and responsibility where an individual guides and directs a group towards achieving a common goal.

Managers

Individuals in an organization responsible for making decisions, overseeing projects, and leading teams towards achieving objectives.

Decentralized Organization

An organizational structure where decision-making authority is distributed across various levels rather than being concentrated at a single point.

Corporate Office

The central or main office of a company, where key administrative and executive activities occur, often housing the CEO and other top management.