Suppose When the Consumer's Income Rises by 100%,the Consumer's Consumption

question 65

Multiple Choice

Suppose when the consumer's income rises by 100%,the consumer's consumption of good falls by 1%.We can infer that good is a(n)

• A) normal good.
• B) inferior good.
• C) Giffen good.
• D) marginal good.

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Definitions:

Representation Election

A voting process conducted to determine if employees want to be represented by a particular union.

Union Promises

Assurances or commitments given by labor unions to their members or potential members about achieving certain goals or benefits through collective action.

Organizing Strategies

Various plans and methods used by organizations, such as unions, to mobilize and recruit members or supporters to achieve their objectives.

Members-only Representation

A labor representation model where union services and benefits are provided exclusively to members of the union rather than all employees in a bargaining unit.