The Demand Curve for a Good with an Income Elasticity

question 54

Multiple Choice

The demand curve for a good with an income elasticity of less than one

• A)must be upward sloping.
• B)must be downward sloping.
• C)indicates a normal good.
• D)will be upward sloping only if the substitution effect outweighs the income effect.
• E)will be upward sloping only if the income effect outweighs the substitution effect.

---

Definitions:

Self-monitoring

The process of observing and regulating one's own behavior in social situations, often to adjust or adapt to the social environment or norms.

Behavioral Measures

Personality assessments that involve observing an individual’s behavior in a controlled situation.

Personality

The combination of characteristics or qualities that form an individual's distinctive character.

Rorschach Ink Blot Test

A psychological test in which individuals' perceptions of inkblots are used to analyze their personality and emotional functioning.