Last Year,Jenna Bought 50 Kilograms of Hamburger When Her Household's

question 115

Multiple Choice

Last year,Jenna bought 50 kilograms of hamburger when her household's income was $60,000.This year,the household income was only $50,000 and Jenna bought 60 kilograms of hamburger.All else constant,what is Jenna's income elasticity of demand for hamburger,and what does this imply

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

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Definitions:

Syllogism Forms

Structured arguments using three propositions: two premises followed by a conclusion, based on deductive reasoning to infer a relationship between items.

Syllogism Form

A logical argument that applies deductive reasoning to arrive at a conclusion based on two or more premises that are asserted to be true.

Syllogism Validity

The property of a syllogism whereby if the premises are true, the conclusion cannot logically be false.

Enthymeme

A syllogism or form of reasoning in which one of the premises is implicit or assumed rather than stated.