Which of the Following Is Not a Valid Relationship

question 218

Multiple Choice

Which of the following is not a valid relationship?

• A)​For a normal good: demand for a good increases when income falls.
• B)​For a normal good: demand for a good decreases when income falls.
• C)​For an inferior good: demand for a good decreases when income rises.
• D)​For an inferior good: demand for a good increases when income falls.

---

Definitions:

Industries

Sectors of economy composed of businesses and organizations that share a common focus in producing or trading goods or services.

Seller's Lien

A legal claim or right a seller has on the property sold until the buyer completes payment, ensuring the seller can reclaim the property if the buyer defaults.

Unpaid

The state of not having been paid for goods provided, services rendered, or work done.

Trade Practices Act

Legislation designed to regulate business conduct to ensure fair competition and protect consumers in certain jurisdictions.