Last Year, Sefton Purchased 60 Pounds of Potatoes to Feed

question 89

Multiple Choice

Last year, Sefton purchased 60 pounds of potatoes to feed his family of five when his household income was $30,000.This year, his household income fell to $20,000 and Sefton purchased 80 pounds of potatoes.All else constant, Sefton's income elasticity of demand for potatoes is

• A)negative, so Sefton considers potatoes to be an inferior good.
• B)positive, so Sefton considers potatoes to be an inferior good.
• C)positive, so Sefton considers potatoes to be a normal good and a necessity.
• D)negative, so Sefton considers potatoes to be a normal good.

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Definitions:

Stanley Milgram

A psychologist known for his research on obedience, demonstrating how people are willing to follow orders from an authority figure even when it involves harming others.

Obedience Study

A research experiment that investigates the extent to which individuals comply with orders from an authority figure, famously exemplified by Stanley Milgram's experiments.

Cognitive Dissonance

The mental discomfort experienced by an individual who holds two or more contradictory beliefs, ideas, or values at the same time.

Reproductive Rights

The rights of individuals to decide freely and responsibly on the number, spacing, and timing of their children, and to have the information and means to do so.