If the Income Elasticity for Hybrid Cars Is Positive

question 73

Multiple Choice

If the income elasticity for hybrid cars is positive:

• A)there are many substitutes for hybrid cars.
• B)there are few substitutes for hybrid cars.
• C)hybrid cars are a normal good.
• D)hybrid cars are an inferior good.

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Definitions:

Abuse

The misuse or improper treatment of something or someone, often resulting in harm or injury.

Neglect

Failure to provide proper care, attention, or maintenance, resulting in potential harm or deterioration.

Physical Force

The application of power, strength, or energy upon an object or body, causing it to change its velocity or shape.

Bodily Injury

Physical harm or damage to a person's body as opposed to damage to property or reputation.