If the Income Elasticity of Food Is 0

question 116

Multiple Choice

If the income elasticity of food is 0.72,then food is

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

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Definitions:

Union Density

A measure of the proportion of workers in a particular area or sector who are members of trade unions.

Enterprise Levels

refers to the different layers or strata within an organization or business, including strategic, operational, and tactical levels, each with specific roles and responsibilities.

Employer Associations

Organizations formed by employers to promote their collective interests, typically in labor negotiations and public policy advocacy.

Union Leadership

Refers to individuals or a group of individuals who are elected or appointed to govern and represent a labor union, making decisions and acting as intermediaries between the union's membership and employers.