Multiple Choice
A good is said to be a normal good when
A) decreases in income lead to an increase in demand for the good
B) decreases in income lead to a decrease in demand for the good
C) increases in income lead to a decrease in demand for the good
D) increases in price lead to a decrease in the quantity demanded of the good
E) increases in price lead to a decrease in demand for the good
Correct Answer:
Verified
Correct Answer:
Verified
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