Assume That a 4 Percent Decrease in Income Results in a 6

question 211

Multiple Choice

Assume that a 4 percent decrease in income results in a 6 percent increase in the quantity demanded of a good.The income elasticity of demand for the good is

• A)negative,and the good is an inferior good.
• B)negative,and the good is a normal good.
• C)positive,and the good is an inferior good.
• D)positive,and the good is a normal good.

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Definitions:

Biopsychosocial Approach

An integrated perspective that acknowledges that biological, psychological, and social factors all play a significant role in human functioning.

Psychological Disorders

Mental disorders characterized by patterns of behavior or thought that are significant enough to interfere with an individual’s daily life and well-being.

Genetic Factors

Elements within an organism's genes that influence traits, behaviors, and susceptibility to certain conditions or diseases.

Biopsychosocial Approach

An integrated perspective that considers biological, psychological, and social factors in understanding health and illness.