If a Good Has an Income Elasticity of 0

question 141

Multiple Choice

If a good has an income elasticity of 0.18,then it is:

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

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Definitions:

FileNotFoundException

An exception thrown when an attempt to open the file denoted by a specified pathname has failed.

RuntimeException

A type of unchecked exception in Java that indicates errors that can occur during the execution of a program and are not checked at compile-time.

Checked

In the context of exceptions in Java, it refers to exceptions that are checked at compile-time, requiring explicit handling in the code.