Which of the Following Statements Is Correct

question 290

Multiple Choice

Which of the following statements is correct?

• A) The income elasticity of demand for inferior goods is positive.
• B) The cross elasticity of demand for substitutes is negative.
• C) The income elasticity of demand for normal goods is positive.
• D) The cross elasticity of demand for complements is positive.
• E) The income elasticity of demand for inferior goods is zero.

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Definitions:

Perry Preschool Program

A preschool program in Ypsilanti, Michigan, started in the 1960s, designed to provide early childhood education to young children from low-income families to improve their intellectual and social development.

Ypsilanti

A city located in Washtenaw County in the U.S. state of Michigan, often associated with research and education due to the presence of Eastern Michigan University.

Developmentally Appropriate Practice

Education that focuses on the typical developmental patterns of children (age-appropriateness) and the uniqueness of each child (individual-appropriateness). Such practice contrasts with developmentally inappropriate practice, which relies on abstract paper-and-pencil activities presented to large groups of young children.

Mentally Active

The state of engaging in activities or exercises that stimulate cognitive functions and contribute to brain health.