Food and Clothing Tend to Have

question 3

Multiple Choice

Food and clothing tend to have:

• A)small income elasticities because consumers, regardless of their incomes, choose to buy these goods
• B)small income elasticities because consumers will buy proportionately more at higher income levels than they will at low income levels
• C)large income elasticities because they are necessities
• D)large income elasticities because they are relatively cheap

---

Definitions:

Principled Leadership

A leadership style that operates on ethical standards and strong principles, often leading by example and fostering trust and respect.

Affective

Relating to moods, feelings, and attitudes; emotional rather than cognitive.

Coordinational

Relates to the effort or ability to organize and align different elements or activities towards achieving a common goal.

Zaccaro

Refers to Stephen J. Zaccaro, a researcher known for his contributions to the field of leadership, focusing on leader effectiveness and the development of leadership skills.