The 18-Hole Golf Course That a Subdivision Developer Had Custom

question 91

Multiple Choice

The 18-hole golf course that a subdivision developer had custom designed and built to attract more new home buyers to the subdivision would be an example of a(n) :

• A)production good.
• B)accessory equipment.
• C)supply.
• D)installation.

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Definitions:

Normal Good

A good whose demand increases as the income of consumers increases, and vice versa.

Normal Good

A type of good for which demand increases as the income of consumers increase, demonstrating a positive correlation between income and demand.

Inferior Good

A type of product whose demand decreases when the income of consumers increases, inverse to normal goods.

Income Increased

A scenario where an individual's or entity's earnings rise, affecting their purchasing power and economic well-being.