Last Year,Max Bought 6 Pairs of Athletic Shoes When His

question 58

Multiple Choice

Last year,Max bought 6 pairs of athletic shoes when his income was $35,000.This year,his income is $42,000,and he purchased 8 pairs of athletic shoes.Holding other factors constant,it follows that Max

• A)considers athletic shoes to be necessities.
• B)considers athletic shoes to be inferior goods.
• C)considers athletic shoes to be normal goods.
• D)has a low price elasticity of demand for athletic shoes.

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Definitions:

Opposite

Across from.

Hypotenuse

The longest side of a right-angled triangle, opposite the right angle, and determined by the square root of the sum of the squares of the other two sides.

Vectors

Quantities that have both magnitude and direction, represented by arrows in physics and mathematics.

Magnitude

Refers to the size or extent of something, often used in the context of numbers, earthquakes, and vectors to denote their strength or value.