A Normal Good Is One

question 329

Multiple Choice

A normal good is one

• A) whose amount demanded will increase as its price decreases.
• B) whose amount demanded will increase as its price increases.
• C) whose demand curve will shift leftward as incomes rise.
• D) for which the consumption varies directly with income.

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Definitions:

Initiation

The beginning or start of a process, event, or activity.

Elongation

Elongation in biology refers to the lengthening of structures or molecules, such as the growth of plant roots or the process during protein synthesis where the polypeptide chain is extended.

Termination

In genetics, termination refers to the end of the process of transcription or translation, finishing the synthesis of the RNA or protein molecule.

Translation

The process by which the sequence of bases in mRNA is converted into an amino acid sequence in proteins.