If Income Increases and the Consumption of Bagels Increases, Bagels

question 244

Multiple Choice

If income increases and the consumption of bagels increases, bagels are considered a(n) :

• A) negative good.
• B) positive good.
• C) inferior good.
• D) normal good.

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Definitions:

Entrepreneurship

The process of designing, launching, and running a new business, usually starting as a small enterprise.