Last Year,Sheila Bought 6 Pairs of Shoes When Her Income

question 177

Multiple Choice

Last year,Sheila bought 6 pairs of shoes when her income was $40,000.This year,her income is $50,000 and she purchased 10 pairs of shoes.Holding other factors constant,it follows that Sheila

• A) considers shoes to be a necessity.
• B) considers shoes to be an inferior good.
• C) considers shoes to be a normal good.
• D) has a low price elasticity of demand for shoes.

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Definitions:

Air Pressure

The force exerted by the weight of air on the Earth's surface, influencing weather patterns and conditions.

Altitude

The height or elevation of a point above a specific reference level, usually above sea level.

Explanatory

Pertaining to a variable in a statistical model that is used to explain or predict changes in a response variable.

Response

In statistics, the answer or reaction to some stimulus or experiment; in communication, it's the reply or reaction to a message or question.