If a Decrease in Income Results in a Decrease in the Quantity

question 182

Multiple Choice

If a decrease in income results in a decrease in the quantity demanded for a product, the product is ________, and the value of the income elasticity of demand is ________.

• A) a normal good; positive
• B) a normal good, negative
• C) an inferior good; positive
• D) an inferior good; negative

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Definitions:

Minority Youth

Young people belonging to a racial, ethnic, cultural, or social group that is not in the majority within a given society, often facing distinct challenges and experiences.

Caucasian Youth

A descriptive term for young individuals of European descent or who identify with the white racial category.

Attention-deficit/hyperactivity Disorder

A neurodevelopmental disorder characterized by problems with focus, hyperactivity, or acting impulsively.

Restless

Characterized by an inability to stay still or at ease, often associated with anxiety, boredom, or dissatisfaction.