Provide an Appropriate Response $\log _ { 5 } 9$ To Four Decimal Places

question 274

Multiple Choice

Provide an appropriate response.
-Approximate $\log _ { 5 } 9$ to four decimal places.

• A) \(0.5878\)
• B) \(1.3652\)
• C) \(6.2907\)
• D) \(0.7325\)

---

Definitions:

Income Elasticity

A measure of how the demand for a good or service changes with a change in consumers' income.

Normal Good

A type of good for which demand increases when consumer income rises, and decreases when consumer income decreases.

Inferior Good

A type of good for which demand decreases as the income of consumers increases, opposite to normal goods.

Income Elasticity

A measure of how much the demand for a good or service changes with a change in consumers' income, indicating the nature of the good as either a necessity or a luxury.