If Incomes Are Rising, in the Market for a Normal

question 175

Multiple Choice

If incomes are rising, in the market for a normal good,

• A)​its price will rise and the quantity exchanged will rise.
• B)​its price will rise and the quantity exchanged will fall.
• C)​its price will fall and the quantity exchanged will rise.
• D)​its price will fall and the quantity exchanged will fall.

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Definitions:

Object Permanence

The understanding that objects continue to exist even when they cannot be seen, heard, or otherwise sensed.

Gross Motor Skills

The abilities required to control the large muscles of the body for walking, running, sitting, and other activities.

Fine

In another context, refers to a monetary charge imposed as a penalty for an offense.

Reflexive

Refers to automatic responses to stimuli, not requiring conscious thought.