If a Good Is a Normal Good, an Increase in Income

question 94

Multiple Choice

If a good is a normal good, an increase in income will

• A) decrease the quantity demanded of the good.
• B) increase the demand for the good.
• C) cause the demand curve for the good to shift to the left.
• D) cause a movement down along the demand curve.

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Definitions:

Motivated

The internal condition of being eager or willing to engage in an activity or work towards a goal.

Storming Stage

The phase in team development where conflicts and competition arise as members assert their opinions, leading to clearer group structure and roles.

Team Development

The process of improving the effectiveness and cohesiveness of a team through various activities and interventions aimed at enhancing teamwork and collaboration.

Interpersonal Testing

The evaluation of social interactions and relationships between individuals, often used in organizational contexts for team-building or recruitment.