Political Scientists Are Primarily Interested in How People's Preferences for Various

question 13

True/False

Political scientists are primarily interested in how people's preferences for various goods and services are satisfied.

---

Definitions:

Income Elasticity

A measure of how much the demand for a good or service changes in response to a change in income.

Inferior Good

A good for which a rise in income decreases the demand for the good.

Income Elasticity

A measure of how much the quantity demanded of a good changes in response to a change in consumers' income.

Peanut Butter

A food paste or spread made from ground, dry-roasted peanuts, often used as a sandwich filling or ingredient in various recipes.