When Logan Earned $1,000 Per Week, He Purchased 5 Karate

question 115

Multiple Choice

When Logan earned $1,000 per week, he purchased 5 karate lessons and 40 gallons of gasoline. When his earnings increased to $1,100 per week, he purchased 6 karate lessons and 43 gallons of gasoline. The income elasticity of karate lessons and gasoline are _____ and _____, respectively.

• A) 0.50; 1.33
• B) 0.10; 1.6
• C) 2.00; 0.75
• D) 0.85; 0.15

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Definitions:

Cardiomyopathy

A disease of the heart muscle that makes it harder for the heart to pump blood to the rest of the body, potentially leading to heart failure.

Heart Muscle

The muscle tissue of the heart, known as cardiac muscle, which is responsible for pumping blood throughout the body.

Anastomosis

A surgical connection made between two tubular structures, such as blood vessels or segments of the intestine.

Blood Vessel

Tubular structures carrying blood through the tissues and organs; a vein, artery, or capillary.