If an Increase in Income Leads to an Increase in the Demand

question 39

Multiple Choice

If an increase in income leads to an increase in the demand for a good, then the good is said to be:

• A) normal.
• B) a luxury.
• C) inferior.
• D) a staple or necessity.

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Definitions:

Sex

Biologically based differences that determine whether one is male or female.

Gender

Socially constructed roles, behaviors, expressions, and identities of girls, women, boys, men, and gender diverse individuals.

Cultural Traditions

The inherited ways of thinking, acting, and feeling that are transmitted within a society from generation to generation.

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The fundamental cognitive orientation of an individual or society encompassing the whole of the individual's or society's knowledge and point of view.