If the Income Elasticity of Demand for a Good Is

question 43

Multiple Choice

If the income elasticity of demand for a good is 0.5,then

• A)it is a normal good,and its demand curve will shift to the left if buyers' incomes increase
• B)it is a normal good,and its demand curve will shift to the right if buyers' incomes increase
• C)it is an inferior good,and its demand curve will shift to the right if buyers' incomes increase
• D)it is an inferior good,and its demand curve will shift to the left if buyers' incomes increase
• E)there is insufficient information to determine whether the good is normal or inferior

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Definitions:

Common Fibular Nerve

A nerve of the lower leg and foot that is responsible for the movement and sensation of the upper and lower leg, particularly the lateral and anterior portions.

Tibial Nerve

A branch of the sciatic nerve that passes down the lower leg and is responsible for innervating the muscles of the lower leg and foot.

Sciatic Nerve

The largest nerve in the human body, running from the lower back down through each leg, responsible for movement and sensation.

Radial Nerve

A nerve in the arm that supplies movement and sensation to the arm, forearm, and hand.