Ceteris Paribus,if Income Increases and as a Result,the Demand for Good

question 109

Multiple Choice

Ceteris paribus,if income increases and as a result,the demand for good X increases and the demand for good Y falls,

• A)Good X is an inferior good and good Y is a normal good.
• B)Good X is a normal good and good Y is an inferior good.
• C)Goods X and Y are substitute goods.
• D)Goods X and Y are complementary goods.

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Definitions:

Essential Nutrient

Nutrients required for normal body functioning that cannot be synthesized by the body and must be obtained from the diet.

Calories

A unit of energy that measures the amount of energy food provides to the body.

Alcohol

A psychoactive substance found in beverages such as beer, wine, and spirits, which can influence mood and behavior and affect physical health.

Glycogen

A form of glucose storage in the body, primarily found in the liver and muscles.