Table 5-3
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​ -Refer to Table 5-3

question 140

Multiple Choice

Table 5-3
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​
$$\begin{array} { | c | c | c | } \hline \begin{array} { c } \text { Income } \\\text { (Dollars) }\end{array} & \begin{array} { c } \text { Quantity of Good X } \\\text { Purchased }\end{array} & \begin{array} { c } \text { Quantity of Good Y } \\\text { Purchased }\end{array} \\\hline 30,000 & 2 & 20 \\\hline 40,000 & 6 & 10 \\\hline\end{array}$$
-Refer to Table 5-3. Using the midpoint method, the income elasticity of demand for good Y is

• A)2.33, and good Y is a normal good.
• B)−2.33, and good Y is an inferior good.
• C)−0.43, and good Y is a normal good.
• D)−0.43, and good Y is an inferior good.

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Definitions:

Occupied Bed

A hospital bed that is currently being used by a patient, as opposed to being available for new admissions.

Siderail

A safety rail attached to the side of a hospital bed to prevent patients from falling out.

Bath Blanket

A large, lightweight blanket specifically designed to cover patients during bathing procedures in medical settings for privacy and warmth.

Chemotherapy

A type of cancer treatment using one or more anti-cancer drugs as part of a standardized chemotherapy regimen to kill or slow the growth of cancer cells.