Use the Table Below to Answer the Following Question

question 22

Multiple Choice

Use the table below to answer the following question.
Table 4.2.1

-Consider the information in Table 4.2.1. Select the best statement.

• A)The income elasticity of demand is -2.5.
• B)The income elasticity of demand is 2.5.
• C)The income elasticity of demand is -3.33.
• D)The income elasticity of demand is 3.33.
• E)We cannot calculate the income elasticity of demand because both income and price are changing at the same time.

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Definitions:

Political Influence

The power to shape or control political actions, policies, or opinions.

Unmarried Women

Women who are not legally married and may refer to individuals who have never been married, are divorced, or are widowed.

Second Bank

The Second Bank of the United States, established in 1816 and operated until 1836, was central to early disputes over states' rights and federal power.

Constitutional Authority

The powers vested in a governmental body or official by a constitution, defining the scope and limits of their legal powers.