If Tobacco Is a Normal, Income Inelastic Good, It Follows

question 23

Multiple Choice

If tobacco is a normal, income inelastic good, it follows that a 10 percent decrease in income will __________ quantity demanded by __________ than 10 percent.

• A)increase; less
• B)increase; more
• C)decrease; less
• D)decrease; more

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Definitions:

Measured Variable

A specific entity or characteristic that can be quantified or observed in a research study.

Dependent Variable

In an experiment, it's the variable being tested and measured, affected by manipulations of the independent variable.

Independent Variable

In experimental and statistical research, the variable that is manipulated or changed to observe its effect on a dependent variable.

Dependent Variable

In experimental research, it is the variable that is measured to see if it is influenced by the independent variable.