If You Consume Less of a Good as Your Income

question 128

Multiple Choice

If you consume less of a good as your income increases:

• A)your demand curve is not downward sloping for that good.
• B)the good must be an inferior good.
• C)the good must not have any close substitutes.
• D)your quantity demanded changed by a movement along the demand function.

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Definitions:

Personality Theory

A framework for understanding the thoughts, emotions, and behaviors that make up an individual's personality.

Gratification

The state of being satisfied or receiving pleasure from something, often linked with the fulfillment of desires or needs.

Pleasure Seeking

The motivation or action taken with the primary goal of achieving personal gratification or enjoyment.

Ego

In psychoanalytic theory, the part of the personality that mediates between the demands of the id, the superego, and reality.