This Graph Depicts the Demand for a Normal Good

question 149

Multiple Choice

This graph depicts the demand for a normal good. A shift from A to B in the graph shown for a normal good might be caused by:

• A) an increase in price.
• B) a decrease in price.
• C) an increase in income.
• D) a decrease in income.

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Definitions:

Positive Consequences

Favorable outcomes or benefits that result from actions or behaviors, often serving as reinforcements that increase the likelihood of those behaviors recurring.

Negative Consequences

Unfavorable or harmful outcomes resulting from actions or conditions.

Negative Stimulus

An unfavorable or unpleasant event or factor that causes a reaction or response.

Nicotine Content

The amount of nicotine present in a product, often measured in cigarettes and vaping products, affecting dependence and withdrawal.