If Quantity Demanded of a Good Falls by 2% When

question 12

Multiple Choice

If quantity demanded of a good falls by 2% when income falls by 10%, the good's demand is

• A) price sensitive.
• B) income-inelastic.
• C) income-elastic.
• D) price insensitive.

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Definitions:

Genetic Marker

A specific gene or DNA sequence with a known location on a chromosome that can be used to identify individuals or species.

X Chromosome

One of the two sex chromosomes, which is present in both males (XY) and females (XX) and carries genes related to sex determination and other biological functions.

Y Chromosome

One of the two sex chromosomes, typically associated with male biological characteristics in humans.

XY Chromosomes

A pair of sex chromosomes present in males that determines male biological sex in humans and most other mammals.