A Good with an Income Elasticity of 0

question 8

Multiple Choice

A good with an income elasticity of 0.4 is:

• A) a luxury.
• B) normal.
• C) inferior.
• D) a substitute.

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Definitions:

Reinforcers

In behavioral psychology, stimuli which, when they follow a behavior, increase the likelihood that the behavior will occur again.

Treatment Results

The outcomes or effects observed following the implementation of a therapeutic intervention or medical treatment.

Relaxation Training

Techniques or exercises designed to reduce stress and physiological arousal, often used in therapeutic settings to help individuals manage anxiety.

Cognitive Therapy

A type of psychotherapy that aims to change negative patterns of thinking, thus altering unwanted behavior and emotions.