If the Demand for a Good Increases When People's Incomes

question 251

Multiple Choice

If the demand for a good increases when people's incomes increase,

• A) the good is an inferior good.
• B) the law of demand is violated.
• C) the good's demand curve must be slope upward.
• D) the good is a normal good.
• E) the good is a substitute good for an inferior good.

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Definitions:

Overweight

Having more body weight than is considered normal or healthy for one's age, height, and body type.

Cognitive Development

The process by which a child learns to reason, solve problems, and think consciously as they grow older.

Lev Vygotsky

A Russian psychologist who developed theories on social cognitive development, emphasizing the role of social interactions and cultural tools in the development of thinking and learning.

Logical Principles

Fundamental concepts that underpin valid reasoning and the structure of logical arguments.