You Can Insert a ____ at the Bottom of a Table

question 75

Multiple Choice

You can insert a ____ at the bottom of a table.

• A) bottom row
• B) total salumn
• C) total row
• D) none of the above

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Definitions:

Negative Income Elasticity

A condition where the demand for a good decreases as the income of the consumer increases.

Inferior Good

A type of product whose demand decreases when the income of consumers increases and vice versa.

Demand Coefficient

A measure that indicates the sensitivity or responsiveness of the quantity demanded of a good or service to changes in its price.

Normal Good

A good for which demand increases as the income of individuals or the economy grows, and decreases when income falls.