For Necessities, Income Elasticity Is Any Value

question 19

Multiple Choice

For necessities, income elasticity is any value:

• A) greater than 0.
• B) greater than 1.
• C) less than 0.
• D) between 0 and 1.

---

Definitions:

Text

Written or printed words regarded as forming a piece of literature, document, or other pieces of written material.

Morphemes

are the smallest grammatical units in a language that carry meaning, such as prefixes, suffixes, and root words.

Thoughtfully

Done with careful consideration or deliberation.

Fixations

In psychoanalytic theory, a persistent focus on an earlier psychosexual stage due to unresolved conflicts, leading to maladaptive behavior.