Demand for a Luxury Item, Such as a Yacht, Is

question 72

Multiple Choice

Demand for a luxury item, such as a yacht, is likely to be

• A)both income inelastic and price inelastic.
• B)both income elastic and price elastic.
• C)income elastic and price inelastic.
• D)income inelastic and price elastic.

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Definitions:

Tendons

Strong, flexible fibrous connective tissues that attach muscles to bones, enabling movement and force transmission.

Joints

The locations where two or more bones meet, allowing for movement and flexibility of the skeletal system.

Kinesthetic Receptors

Sensory receptors located in muscles, joints, and tendons that detect bodily movement, position, and tension, contributing to the sense of proprioception.

Body Position

The arrangement or posture of the body, which can significantly affect health, comfort, and physical performance.