If a Product Is a Normal Good,then Its Income Elasticity

question 181

Multiple Choice

If a product is a normal good,then its income elasticity of demand is

• A) zero.
• B) positive.
• C) negative.
• D) indeterminate.
• E) greater than 1.

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Definitions:

Unwitting Participants

Individuals who are involved in a research study or experiment without their knowledge or informed consent, often raising ethical concerns.

Heart Rate

The number of times a person's heart beats per minute, indicating cardiovascular health and fitness levels.

Independent Variable

In an experimental setup, the variable that is manipulated by the researcher to examine its effect on the dependent variable.

Confounded Variable

A factor other than the independent variable that might cause or influence the outcome of an experiment, potentially biasing the results.