Asked by
Caleb Santa
on Nov 17, 2024Verified
You lose your job and, as a result, you buy fewer iTunes music downloads. This shows that you consider iTunes music downloads to be
A) a substitute good.
B) an inferior good.
C) a normal good.
D) a complementary good.
Normal Good
A good for which demand increases as the income of the buyer increases, implying a positive relationship between income and demand.
iTunes Music
A media player, media library, Internet radio broadcaster, and mobile device management application developed by Apple Inc.
Fewer Downloads
A situation indicating a decrease in the number of times digital content is downloaded by users, possibly reflecting changes in preference or accessibility.
- Perceive the influence of income fluctuations on consumer demand for diverse products.
Verified Answer
RH
Learning Objectives
- Perceive the influence of income fluctuations on consumer demand for diverse products.