Consider the Following Data for a Hypothetical Economy TABLE 4- 4
-Refer to Table 4- 4

question 27

Multiple Choice

Consider the following data for a hypothetical economy. $\begin{array}{|l|c|c|c|}\hline\text { Year } & \begin{array}{c}\text { Average } \\\text { Household } \\\text { Income }(\$) \end{array} & \begin{array}{c}\text { Price of Transit } \\\text { Passes (\$) }\end{array} & \begin{array}{c}\text { Qty Demanded } \\\text { TransitPasses }\end{array} \\\hline 2009 & 78,000 & 60 & 99,000 \\\hline 2010 & 82,000 & 60 & 101,000 \\\hline\end{array}$ TABLE 4- 4
-Refer to Table 4- 4. The income elasticity of demand for transit passes in this economy is

• A) 2.5.
• B) 3.0 percent.
• C) 0.5.
• D) 2.5 percent.
• E) 0.4.

---

Definitions:

Ascites

The accumulation of fluid in the peritoneal cavity, causing abdominal swelling, often due to liver disease or cancer.

Nonalcoholic Fatty Liver Disease (NAFLD)

A range of liver conditions affecting people who drink little to no alcohol, characterized by excessive fat stored in liver cells.

Hepatic Angiomatosis

A rare vascular disorder involving an increase in the number of blood vessels in the liver, leading to the formation of benign liver lesions.

Hepatic Sclerosis

A condition involving the hardening or scarring of the liver tissue, affecting liver function.