We Can Expect That the Income Elasticity of Demand for Gourmet

question 135

Multiple Choice

We can expect that the income elasticity of demand for gourmet catered meals would be ________ the income elasticity of demand for basic groceries.

• A)equivalent to
• B)not comparable to
• C)less than
• D)higher than
• E)lower than

---

Definitions:

Seneca Falls

The location of the first women's rights convention held in 1848, marking the start of the women's suffrage movement in the United States.

Angelina Grimké

A 19th-century American abolitionist and women's rights advocate known for her writing and speeches attacking slavery and promoting human equality.

Sarah Grimké

An American abolitionist and advocate for women's rights who, along with her sister Angelina, played a pivotal role in the women's suffrage movement.

Separate Spheres

A 19th-century ideology that men and women have different roles in society, with men dominating the public sphere and women the private, domestic sphere.