When Consumers' Incomes Increased 6 Percent, the Quantity of Wine

question 38

Multiple Choice

When consumers' incomes increased 6 percent, the quantity of wine bought increased 12 percent. This result means

• A) wine is a luxury.
• B) the demand for wine is income inelastic.
• C) wine is a necessity.
• D) wine is an inferior good.

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Definitions:

Osteomalacia

A softening of the bones due to vitamin D deficiency or impaired metabolism, leading to increased susceptibility to fractures.

Nutritional Status

An assessment of the body's health in terms of nutrient levels, diet, and physical health indicators, used to identify potential deficiencies or imbalances.

Widow

An individual whose spouse has died and who has not remarried.

Gastrointestinal Motility

The movement of the digestive system and the transit of the contents within it.