The Income Elasticity of Demand Is ________ If the Good

question 5

Multiple Choice

The income elasticity of demand is ________ if the good is ________ good.

• A) positive; a substitute
• B) positive; an inferior
• C) less than one; an inferior
• D) negative; a normal
• E) positive; a normal

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Definitions:

Ingratiation

A social influence strategy where an individual attempts to make themselves more likable to another, often through flattery or favors.

Assertiveness

The quality of being self-assured and confident without being aggressive, enabling clear and direct communication of needs or desires.

Influence Tactic

Influence tactics are strategies or actions used by individuals or groups to persuade or direct others’ behaviors, decisions, or attitudes towards a desired outcome.

Self-Promotion

The act of promoting or advocating for oneself to advance one's own interests, career, or status.