Suppose When the Consumer's Income Rises by 100%,the Consumer's Consumption

question 61

Multiple Choice

Suppose when the consumer's income rises by 100%,the consumer's consumption of good only increases by 1%.We can infer that the consumer's income elasticity for good is

• A) -0.01
• B) -1
• C) 0.01
• D) 1

---

Definitions:

27 Ω

A specific resistance value, indicating an object or material has a resistance of twenty-seven ohms.

56 Ω

A specific value of electrical resistance indicating that an object opposes the flow of electric current with a force of 56 ohms.

Current Flow

The movement of electric charge carriers, like electrons, through a conductor, measured in amperes (A).

Current Flow

The directed movement of electric charge through a conductor, often described in terms of direction from positive to negative points.