If the Income Elasticity for Canned Food Is 0

question 178

True/False

If the income elasticity for canned food is 0.8, then canned food is an inferior good.

---

Definitions:

Threaded Comment

A digital conversation feature that allows users to reply to comments within a thread under a main comment, enhancing interactive discussions.

Office 365

A subscription service offered by Microsoft that includes access to Office applications plus other productivity services that are enabled over the internet (cloud services).

OneDrive

Microsoft's cloud storage service that allows users to store files and data online for access from any device.

Cell Styles

Predefined or custom settings that can be applied to cells within a spreadsheet to format text, colors, and other aspects.