If Bus Travel Is an Inferior Good, Then Its Income

question 77

Multiple Choice

If bus travel is an inferior good, then its income elasticity of demand will be

• A) strictly greater than one.
• B) positive.
• C) equal to zero.
• D) negative.

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Definitions:

Growth Factor Gene

A gene that codes for a growth factor, which is a naturally occurring substance capable of stimulating cellular growth, proliferation, and cellular differentiation.

Oncogenes

Genes that have the potential to cause cancer by transforming a normal cell into a tumor cell when mutated or expressed at high levels.

Mitosis Stages

The phases of cell division including prophase, metaphase, anaphase, and telophase, through which a single cell divides into two genetically identical daughter cells.

Interphase

The phase of the cell cycle where the cell prepares for division by replicating its DNA and increasing in size.