Multiple Choice
In economic terminology,a normal good is a good or service
A) that is liked only by normal people.
B) for which demand increases when price increases.
C) for which demand increases when income increases.
D) for which quantity demanded increases when income increases.
Correct Answer:
Verified
Correct Answer:
Verified
Q115: Table 3-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4981/.jpg" alt="Table 3-3
Q116: The cause-and-effect relationship between quantity supplied and
Q117: An expected increase in the price of
Q118: After a fall in the price of
Q119: Suppose that the price of corn was
Q121: Figure 3-5 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4981/.jpg" alt="Figure 3-5
Q122: If X and Y are substitute goods,then
Q123: Which of the following will NOT affect
Q124: Figure 3-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4981/.jpg" alt="Figure 3-4
Q125: Table 3-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4981/.jpg" alt="Table 3-1