menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Micro Economics 1
  4. Exam
    Exam 15: Demand Analysis and Utility Theory
  5. Question
    In the Case of Normal Goods, the Quantity Demanded Varies
Solved

In the Case of Normal Goods, the Quantity Demanded Varies

Question 12

Question 12

Multiple Choice

In the case of normal goods, the quantity demanded varies inversely with:


A) Price of good
B) Income of the consumer
C) Fashion of the good
D) Savings

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q7: In the case of a free good,

Q8: A movement from one point to another

Q9: An Indifference Curve to the right of

Q10: As moving from left to right through

Q11: Which of the following is a cardinalist

Q13: In the case of an indifference curve<br>A)dU/dX>dU/dY<br>B)dU/dX

Q14: The slope of an indifference curve represents:<br>A)Price

Q15: In a combination of X and Y,

Q16: At the point of tangency of an

Q17: Change in utility resulting from one unit

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines