If Cassandra Bought 12 Blouses Last Year When Her Income

question 181

Multiple Choice

If Cassandra bought 12 blouses last year when her income was $55,000 and she buys 10 blouses this year when her income is $49,000,then her income elasticity of demand is

• A) -1.58.
• B) +1.58.
• C) -0.63.
• D) +0.63.
• E) -2.33.

---

Definitions:

Older Adults

Individuals typically over the age of 65 years, often considered within the context of geriatric psychology and health.

Benzodiazepines

A class of psychoactive drugs known for their calming effect, commonly prescribed for treating anxiety, insomnia, and other conditions.

Psychomotor Impairment

Involves a decrease or change in motor and coordination skills, often as a result of psychological or neurological conditions.

Older People

Individuals who are in the later stages of their life, often defined as being 65 years and older.