Which of the Following Is NOT Typically Considered to Be

question 1

Multiple Choice

Which of the following is NOT typically considered to be a "vital event"?

• A) Birth
• B) Death
• C) Migration
• D) Marriage

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Definitions:

Normal Good

A good for which demand increases as the income of individuals or the economy grows, and decreases when income falls.

Income Responsiveness

The degree to which demand for a product or service changes in response to changes in consumer income.

Income Elasticity of Demand

A metric that gauges the sensitivity of demand for a product to shifts in the income of consumers.

Weekly Income

The total amount of earnings received by an individual or entity over the span of a week.