A Normal Good Is Defined as a Good

question 190

Multiple Choice

A normal good is defined as a good

• A) with a downward sloping demand curve.
• B) for which demand increases when the price of a substitute rises.
• C) for which demand increases when income increases.
• D) for which demand increases when the number of demanders increases.
• E) for which demand increases when the price of a complement falls.

---

Definitions:

Self-schemas

Cognitive representations of oneself that guide the processing of self-relevant information.

Multiple Selves

The concept that individuals possess different aspects or identities within themselves, which can vary depending on context or situation.

Albert Bandura

A psychologist famous for his work on social learning theory and the concept of self-efficacy.

Observable Behavior

Actions or reactions of an individual that can be directly noticed and measured by others, excluding internal processes not visible externally.