If a Good Has an Income Elasticity of 0

question 43

Multiple Choice

If a good has an income elasticity of 0.18, then it is a(n) _____ good and a _____.

• A) normal; necessity
• B) normal; luxury
• C) inferior; necessity
• D) inferior; luxury

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Definitions:

Diurnal Mammals

Mammals that are primarily active during the day and rest at night.

Ardipithecus Ramidus

An early hominin species known for its significant contributions to the understanding of human evolution, dating back to approximately 4.4 million years ago.

Awash River Basin

A geographical area in Ethiopia that is drained by the Awash River, significant for its agricultural and cultural importance.