A Normal Good Has A(n)

question 307

Multiple Choice

A normal good has a(n)

• A) income elasticity greater than 0 but less than 1.
• B) income elasticity greater than 1.
• C) negative income elasticity.
• D) income elasticity equal to zero.

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Definitions:

Dendrite

A branched extension of a neuron that receives impulses and conducts them toward the cell body.

Axon

A long, slender projection of a neuron that conducts electrical impulses away from the neuron's cell body.

Potassium Ions

Essential electrolytes in the body that help regulate fluid balance, nerve signals, and muscle contractions.

Fluid Interior

Refers to a substance or space inside an object or organism that is filled with fluid or capable of flowing.