If the Percentage Change in Quantity Demanded of a Good

question 167

Multiple Choice

If the percentage change in quantity demanded of a good is equal to the percentage change in buyer's income, then the good is said to be

• A)income elastic.
• B)income inelastic.
• C)income unit elastic.
• D)price unit elastic.
• E)price inelastic.

---

Definitions:

Salaried Salesman

A sales professional who is compensated with a fixed salary rather than or in addition to commissions based on sales volume.

Monitoring

The process of systematically observing, checking, and recording activities or data to ensure desired outcomes are being met.

Shirking

The behavior of avoiding work or responsibilities, often surreptitiously.

Accounting Staff

Individuals responsible for managing financial records, transactions, and reporting within an organization.