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

question 10

Multiple Choice

If a decrease in income leads to an increase in the demand for sardines, then sardines are

• A)an inferior good.
• B)a neutral good.
• C)a necessity.
• D)a normal good.

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Definitions:

Arc Welding Electrodes

Consumable or non-consumable pieces of metal in arc welding that conduct a current to join metallic parts.

Tempered Steel

Steel that has been heat-treated to increase its strength and durability through a process of heating and cooling.

Dump Truck Frame

The structural backbone of a dump truck, designed to support the cab, engine, and dumping mechanism, while withstanding heavy loads.

Lift Ram

A hydraulic cylinder used to raise or lower machinery or heavy loads in various applications like construction.