If a Good Has an Income Elasticity of 0

question 16

Multiple Choice

If a good has an income elasticity of 0.18,which of the following can be said about it?

• A)It is a normal good,and a necessity.
• B)It is a normal good,and a luxury good.
• C)It is an inferior good,and a necessity.
• D)It is an inferior good,and a luxury.

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Definitions:

Pectoralis Major

A large muscle in the upper chest that contributes to the movement of the shoulder and the arm.

Xiphoid Process

A small cartilaginous extension of the lower part of the sternum, which is usually ossified in the adult human.

Linea Alba

A fibrous structure that runs down the midline of the abdomen, forming the median attachment of the abdominal muscles.

Rectus Abdominis

A long muscle of the abdomen whose contraction results in flexion of the lumbar spine or helps in compressing the abdominal cavity.