If the Income Elasticity of Demand for a Good Is

question 131

Short Answer

If the income elasticity of demand for a good is -1.40, is the good a normal or inferior good?

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Definitions:

Placenta

An organ that develops in the uterus during pregnancy, providing oxygen and nutrients to the growing fetus while removing waste products from the fetus's blood.

Zygote

The fertilized egg; it enters a 2-week period of rapid cell division and develops into an embryo.

Outer Cells

Cells located on the exterior or surface layer of a biological entity, often contributing to the protection or interaction with the environment.

Fetal Alcohol Syndrome

A range of effects that can occur in an individual whose mother drank alcohol during pregnancy.