Which of the Following Statements Is True About the Income

question 104

Multiple Choice

Which of the following statements is true about the income elasticity of demand?

• A) The income elasticity of demand for normal goods is always zero.
• B) The income elasticity of demand for inferior goods is always zero.
• C) The income elasticity of demand for normal goods is always positive.
• D) The income elasticity of demand for inferior goods is always positive.

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Definitions:

Stimulus

Any object or event that elicits a sensory or behavioral response in an organism.

Subliminal

Referring to stimuli or messages presented below the threshold of conscious perception, capable of influencing thoughts, feelings, or actions.

Bitter Receptors

Sensory taste receptors located on the tongue that are responsible for detecting bitter substances, playing an essential role in taste perception.

Sour Receptors

Specialized sensory cells located in the taste buds that detect sour tastes.