Multiple Choice
If the demand for beans tends to decline as incomes rise,everything else held constant,beans are _____.
A) a luxury good
B) a normal good
C) price sensitive
D) not price sensitive
E) an inferior good
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q68: Consider a medical breakthrough that led to
Q70: Which of the following situations is represented
Q72: Suppose the manager of a store wants
Q74: The point elasticity is a measure of
Q75: Assume that the demand curve for a
Q76: Price elasticity of demand is more likely
Q77: Which of the following is true with
Q78: A perfectly inelastic demand curve is represented
Q80: The figure given below shows the demand
Q131: Scenario 5.1<br>The demand for noodles is given