Multiple Choice
Which of the following best describes a normal good?
A) An increase in the price of the product leads to an increase in the level of quantity demanded.
B) A reduction in the price of the product leads to a decrease in the level of quantity demanded.
C) An increase in the consumer's income causes a decrease in the demand.
D) A reduction in the consumer's income causes an increase in the demand.
E) None of the above is correct.
Correct Answer:
Verified
Correct Answer:
Verified
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