You Are Given a List of Income Elasticity of Demand

question 113

Multiple Choice

You are given a list of income elasticity of demand values. Which one represents a necessity?

• A) -5
• B) -0.5
• C) 0
• D) 5
• E) 0.5

---

Definitions:

Contrast

The state of being strikingly different from something else, typically used to highlight or emphasize differences.

Generalized Anxiety Disorder

A mental health disorder characterized by persistent and excessive worry about various aspects of life.

Palpitations

Rapid, strong, or irregular heartbeats that can be felt by the person experiencing them, often associated with stress, anxiety, or other health conditions.

Concentrating

The action of focusing one's attention or mental effort on a specific object, task, or activity.