The Sensitivity of Demand for a Product Relative to Changes

question 90

Multiple Choice

The sensitivity of demand for a product relative to changes in income is called ________.

• A) income elasticity
• B) demand shaping
• C) income distribution
• D) market intensity

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Definitions:

Global Warming

Gradual increase in the earth’s temperature, driven recently by an increase in greenhouse gases and other human activity.

Air Pollution

The presence of harmful substances in the atmosphere, often resulting from human activities, that can cause health and environmental problems.

Environmental Sociology

The study of the interaction between society and the natural environment, including the social causes and consequences of environmental problems.

Sociobiology

A branch of science that uses biological and evolutionary explanations for social behavior.