Which One of the Following Is True If Demand Is

question 69

Multiple Choice

Which one of the following is true if demand is income elastic?

• A)The percentage change in income is greater than the percentage change in quantity demanded.
• B)The percentage change in income is smaller than the percentage change in quantity demanded.
• C)An increase in income decreases demand.
• D)The good is an inferior good.
• E)A rise in price increases the quantity demanded.

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Definitions:

First Line Defense

The body's initial response to prevent infection or damage through barriers like skin and mucous membranes, and physiological processes like acidity and enzymatic activity.

Maturation

The process of becoming mature or fully developed, either in a biological context or referring to the development of concepts and skills.

Dry Skin

A condition characterized by a lack of adequate moisture in the outer layer of the skin, leading to roughness, flaking, itching, and sometimes cracking.

Fat-Free Soap

A type of soap that contains no fats or oils, often used for specific dermatological conditions or preferences.