Last Year,Joan Bought 50 Pounds of Hamburger When Her Household's

question 178

Multiple Choice

Last year,Joan bought 50 pounds of hamburger when her household's income was $40,000.This year,her household income was only $30,000 and Joan bought 60 pounds of hamburger.All else constant,Joan's income elasticity of demand for hamburger is

• A)positive,so Joan considers hamburger to be an inferior good.
• B)positive,so Joan considers hamburger to be a normal good and a necessity.
• C)negative,so Joan considers hamburger to be an inferior good.
• D)negative,so Joan considers hamburger to be a normal good but not a necessity.

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Definitions:

Identity Confusion

A psychological state characterized by uncertainty, conflict, or disorientation regarding one's sense of self or personal identity.

Dispositional Attribution

The tendency to attribute someone's behavior to their personality or character rather than to external factors.

Situational Attribution

The process of attributing behavior to external factors, such as the environment or the situation one is in.

Central Route Persuasion

Occurs when interested people focus on the arguments and respond with favorable thoughts.