If Income Doubles and the Quantity Demanded of Good X

question 14

Multiple Choice

If income doubles and the quantity demanded of good X more than doubles,then good X can be described as a

• A)substitute good.
• B)complement good.
• C)necessity.
• D)luxury.

---

Definitions:

Shared Mental Model

A cognitive framework shared among members of a team or group that facilitates common understanding and coordination.

Primed Goal Orientation

A psychological state induced by external cues that activates a specific goal-driven behavior or mindset in an individual.

Cross-cueing

A cognitive strategy in which information from one source is used to retrieve or interpret information from another, often used in learning and memory.

Transactive Memory

A collective system for encoding, storing, and retrieving information within a close-knit group, allowing for more efficient knowledge sharing.