Which of the Following Tends to Be True of the Income

question 30

Multiple Choice

Which of the following tends to be true of the income elasticity of demand for food?

• A) At low levels of income, it tends to be fairly high; but as the level of income rises, it tends to fall.
• B) It tends to be well above unity only at high levels of income.
• C) It is usually zero, since we can only eat so much.
• D) It tends to be well below unity only at low levels of income.
• E) It tends to remain fairly constant at all levels of income.

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Definitions:

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Groups to which an individual does not belong, often perceived as different or alien compared to the individual's own group (ingroup).

Prototype

Cognitive representation of the typical/ideal defining features of a category.

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The way in which knowledge and ideas are mentally structured and organized within the mind.

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