Which of the Following Causes a Decrease in Demand for a Normal

question 418

Multiple Choice

Which of the following causes a decrease in demand for a normal good?

• A) Increase in price of a substitute
• B) Increase in price of a complement
• C) Increase in price
• D) Increase in income

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Definitions:

Inferior

Referring to something of lower quality or rank.

Erik Erikson

A developmental psychologist famous for his theory on the psychosocial development of human beings.

Resilience

The capacity to adapt well to significant adversity and to overcome serious stress.

Dynamic

Characterized by constant change, activity, or progress, often used to describe processes or systems that are not static.