Which of the Following Is TRUE of a Normal Good

question 275

Multiple Choice

Which of the following is TRUE of a normal good?

• A)When income increases, the demand for the good remains unchanged.
• B)When income increases, the demand for the good decreases.
• C)When income increases, the demand for the good increases.
• D)Income and the demand are unrelated.

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Definitions:

Manage For Profits

A business strategy focused on increasing efficiency and reducing costs in order to maximize the financial gains of an organization.

Clear-Cut Options

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Organization's Value Systems

The core principles and ethical standards that guide the behavior, decisions, and practices within an organization.

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