If Your Purchases of Shoes Decrease from 11 Pairs Per

question 62

Multiple Choice

If your purchases of shoes decrease from 11 pairs per year to 9 pairs per year when your income increases from $19,000 to $21,000 a year, then your income elasticity of demand for shoes is.

• A) -2.
• B) -0.67.
• C) 0.67.
• D) 2.

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Definitions:

Bipedalism

Is the ability to walk upright on two legs, characteristic of humans and their ancestors.

Spinal Cord

A long, thin, tubular structure made up of nervous tissue, which extends from the brain down the back, transmitting nerve signals between the brain and the rest of the body.

Human Childbirth

The process of delivering a baby from the uterus to the outside world, typically through stages of labor and delivery.

Birth Canal

The passageway comprising the cervix, vagina, and vulva through which a fetus travels during birth.