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Kayla and Jada Are Roommates in New York City

question 222

Multiple Choice

Kayla and Jada are roommates in New York City. Both Kayla and Jada recently received raises. Kayla now buys more album downloads than before, but Jada buys fewer. Kayla behaves as if album downloads are _____ goods, and Jada's income elasticity of demand for album downloads is _____.


Definitions:

Permanent Loss

A situation in decentralized finance (DeFi) where the value of assets deposited in a liquidity pool decreases relative to holding the assets outside the pool.

Cortex

The outermost part of the brain containing the greatest numbers of neurons and accounting for thought and consciousness.

Clinical Death

Defines death as the moment the heart stops beating.

Anoxia

A condition characterized by an absence of oxygen supply to an organ or a tissue, often leading to damage or dysfunction.

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