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Something Is a Normal Good If the Demand for the Good

Question 36

Multiple Choice

Something is a normal good if the demand for the good


A) increases as the consumer's income increases.
B) increases as the consumer's income decreases.
C) decreases if the price of a substitute good increases.
D) increases if the price of a complement good increases.
E) decreases as the income of the consumer increases.

Correct Answer:

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