If Per Capita Income Increases by 10% and Household Expenditure

question 130

Multiple Choice

If per capita income increases by 10% and household expenditure on fur coats increases by 15%,one can conclude that the price elasticity of demand for fur coats is

• A)elastic.
• B)inelastic.
• C)unity.
• D)positive.
• E)not determinable from the information given.

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Definitions:

Amoebozoans

A group of amoeboid protozoa, including amoebas, characterized by their ability to change shape due to the movement of their pseudopodia.

Dictyostelium

A genus of slime molds that are used as model organisms in molecular biology and genetics.

Mitochondria

The organelles within cells that generate most of the cell's supply of ATP, used as a source of chemical energy, and involved in a range of other processes including signaling and cellular differentiation.

Nuclei

Membrane-bound organelles found in eukaryotic cells that contain most of the cell's genetic material.