A Good Is Said to Be a Normal Good When

question 138

Multiple Choice

A good is said to be a normal good when

• A) decreases in income lead to an increase in demand for the good
• B) decreases in income lead to a decrease in demand for the good
• C) increases in income lead to a decrease in demand for the good
• D) increases in price lead to a decrease in the quantity demanded of the good
• E) increases in price lead to a decrease in demand for the good

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Definitions:

Gradually

Occurring in small steps or increments over a period of time; slowly developing.

Defence Mechanism

Psychological strategies unconsciously used by individuals to protect themselves from anxiety arising from unacceptable thoughts or feelings.

Denial

Denial is a defense mechanism where a person refuses to accept reality or facts, blocking external events from awareness.

Terminal Illness

A disease or condition that is incurable and expected to lead to the death of the patient within a relatively short period of time.