Table 5-1
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-Refer to Table 5-1

question 114

Multiple Choice

Table 5-1
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$$\begin{array} { | c | c | } \hline \text { Good } & \begin{array} { c } \text { Price Elasticity } \\\text { of Demand }\end{array} \\\hline \mathrm { A }& 1.9 \\\hline \mathrm { B } & 0.8 \\\hline\end{array}$$ ​
-Refer to Table 5-1. Which of the following is consistent with the elasticities given in Table 5-1?

• A)A is a luxury and B is a necessity.
• B)A is a good after an increase in income and B is that same good after a decrease in income.
• C)A has fewer substitutes than B.
• D)A is a good immediately after a price increase and B is that same good three years after the price increase.

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Definitions:

Kinji Imanishi

A Japanese ecologist and anthropologist known for his work on the social structures and behaviors of primates, as well as the theory of species society.

Bonobos

A species of great ape known for its matriarchal society and complex social behaviors, closely related to humans.

Social Cooperation

The act of working together harmoniously for mutual benefit within a group or society.

Chimpanzees

Highly intelligent primates native to sub-Saharan Africa, known for their complex social structures, use of tools, and genetic closeness to humans.