If the Demand for Beans Tends to Decline as Incomes

question 73

Multiple Choice

If the demand for beans tends to decline as incomes rise,everything else held constant,beans are _____.

• A)a luxury good
• B)a normal good
• C)price sensitive
• D)not price sensitive
• E)an inferior good

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Definitions:

Macrosociological

Pertaining to the study of large-scale social processes and structures, focusing on the big picture of society and its institutions.

Microsociological

Pertaining to the study of social interactions and relations at an individual or small group level within the broader discipline of sociology.

Social Institutions

Fundamental structures and mechanisms of social order and cooperation governing the behavior of a set of individuals within a given human community.

Macrosociology

A branch of sociology focused on the study of social systems and populations on a large scale, encompassing the analysis of societal structures, institutions, and processes.