You and Your College Roommate Eat Three Packages of Ramen

question 227

Multiple Choice

You and your college roommate eat three packages of ramen noodles each week.After graduation last month,both of you were hired at several times your college income.You still enjoy ramen noodles very much and buy even more,but your roommate plans to buy other foods she prefers over ramen noodles.What are you and your roommate's income elasticities of demand for ramen noodles

• A)Your income elasticity of demand is negative and your roommate's is positive.
• B)Your income elasticity of demand is positive and your roommate's is negative.
• C)Your income elasticity of demand is zero and your roommate's approaches infinity.
• D)Your income elasticity of demand approaches infinity and your roommate's is zero.

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Definitions:

Northern Mexico

A geographic region of Mexico, characterized by its desert landscapes, industrial cities, and significant role in agriculture and manufacturing.

Comanche

A Native American tribe, historically known as fearsome warriors, who lived in what is now Wyoming, Texas, Oklahoma, and New Mexico.

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The significant decline of the American Bison population, primarily in the 19th century, due to excessive hunting, climate change, and habitat loss, greatly impacting Native American cultures and the ecosystem.

New Mexico Territory

A historical region of the United States that existed from 1850 until 1912, when New Mexico became a state, comprising modern-day New Mexico and Arizona.