A good is normal for a consumer if
A) it is always consumed in a consistent quantity.
B) its consumption rises when income rises.
C) its consumption falls when income rises.
D) some minimal level of the good must be consumed to assure the consumer's survival.
B
Economics
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As a result of the financial crisis of 2007-2009, Freddie Mac and Fannie Mae were brought under the direct control of the government
Indicate whether the statement is true or false
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Which is characteristic of the market system?
A. Unselfish individuals. B. Free enterprise and choice. C. Government ownership of the means of production. D. Centralized decision making.
Economics