Memory Is

question 106

Multiple Choice

Memory is

• A) a scientific term.
• B) a convenient term.
• C) a proven fact.
• D) a trait specific to humans.

---

Definitions:

Price

The amount of money required to purchase a good or service, determined by factors like supply and demand, production costs, and market competition.

Normal Good

A type of good for which demand increases when consumer income rises and decreases when consumer income falls.

Income

Money received, especially on a regular basis, for work or through investments.

Quantity Demanded

Refers to the amount of a good or service that consumers are willing and able to purchase at a given price over a specified period of time.