0.00435 = ? (Percent)

question 71

Multiple Choice

0.00435 = ? (percent)

• A)4.35%
• B)0.435%
• C)0.0435%
• D)43.5%
• E) none of the above

---

Definitions:

Income Elasticity

A measure of how much the demand for a good or service changes in response to a change in income.

Inferior Good

A good for which a rise in income decreases the demand for the good.

Income Elasticity

A measure of how much the quantity demanded of a good changes in response to a change in consumers' income.

Peanut Butter

A food paste or spread made from ground, dry-roasted peanuts, often used as a sandwich filling or ingredient in various recipes.