If the Demand of a Good Is Inversely Related to Income

question 76

Multiple Choice

If the demand of a good is inversely related to income, it must be

• A) a bad good.
• B) an inferior good.
• C) a normal good.
• D) an everyday product.

---

Definitions:

Biological Clocks

Internal mechanisms that regulate the timing of biological processes and behaviors, aligning them with daily and seasonal rhythms.

Cholecystokinin

A hormone secreted by the small intestine that aids digestion by stimulating the gallbladder to contract and release stored bile into the intestine.

Core Body Temperature

The temperature of the internal environment of the body, which is maintained within a narrow range despite external temperature changes.

Delta Waves

Brain waves with a frequency of 1-4 Hz that are associated with the deepest stages of sleep and brain development in young children.