For Which of the Following Goods Is the Income Elasticity

question 245

Multiple Choice

For which of the following goods is the income elasticity of demand likely lowest?

• A)water
• B)sapphire pendant necklaces
• C)filet mignon steaks
• D)fresh fruit

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Definitions:

Taste Sensitivity

The ability to detect and differentiate the five basic tastes: sweet, sour, bitter, salty, and umami.

Taste Buds

Sensory organs located on the tongue, responsible for the perception of taste.

Daily Consumption

The amount of food, drink, or other products used by an individual on a daily basis.

Taste Bud Pore

An opening on the surface of the tongue through which taste stimuli enter and interact with taste receptor cells located in taste buds, allowing for the sensation of taste.