While in College,John and Bethany Each Buy Five Packages of Mac-N-Cheese

question 202

Multiple Choice

While in college,John and Bethany each buy five packages of mac-n-cheese per week.After they graduate and have full-time jobs,John buys six packages per week,but Bethany buys only two packages per week.When looking at income elasticity of demand for mac-n-cheese,John's

• A)is negative,and Bethany's is positive.
• B)is positive,and Bethany's is negative.
• C)is zero,and Bethany's approaches infinity.
• D)approaches infinity,and Bethany's is zero.

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Definitions:

Concise

Expressing or covering much in few words; brief in form but comprehensive in scope.

Self-contained

Describes something that is complete within itself and does not require external assistance or resources.

Parallel Construction

The use of successive verbal constructions in poetry or prose that correspond in grammatical structure, sound, meter, meaning, etc.

Display Enthusiasm

The act of openly showing excitement and eagerness about a specific topic, activity, or idea.