If the Percentage Change in the Quantity Demanded of a Good

question 112

Multiple Choice

If the percentage change in the quantity demanded of a good is greater than the percentage change in income and in the same direction,then this good will have an income elasticity _____1,and it is a(n) _____ good.

• A)greater than;normal
• B)less than;normal
• C)equal to;normal
• D)greater than;inferior

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Definitions:

Chemical Composition

The identity and relative number of the elements that make up any particular compound.

Missense Mutation

A type of base-pair substitution mutation that causes one amino acid to be substituted for another in the resulting protein product. Compare with nonsense mutation.

Amino Acid

Organic compounds that serve as the building blocks of proteins, essential for various metabolic processes.

Protein

Large biomolecules composed of one or more long chains of amino acid residues, crucial for the structure, function, and regulation of the body's tissues and organs.