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.

---

Definitions:

More Alert

A state of being very attentive and responsive to surroundings or occurrences.

Medication

Substances used to treat or prevent disease or relieve pain, prescribed or available over-the-counter.

Extremely Restless

Describes a state of being unable to stay still or calm due to anxiety or boredom.

Narcolepsy

A chronic sleep disorder that causes overwhelming daytime drowsiness and sudden attacks of sleep.