If Income Elasticity for a Particular Good Has a Negative

question 5

Multiple Choice

If income elasticity for a particular good has a negative sign:

• A)the good is a normal good.
• B)as income increases,consumers will tend to purchase more of the good.
• C)as income increases,consumers will tend to purchase less of the good.
• D)the good is a luxury good.

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Definitions:

NLRB

The National Labor Relations Board, a federal agency in the United States that enforces labor laws related to collective bargaining and unfair labor practices.

Disputed Ballots

Refers to votes that are contested or questioned in terms of validity, often in the context of elections or union representation votes, due to issues like unclear markings or eligibility concerns.

NLRB Rules

The regulations established by the National Labor Relations Board to govern labor relations in the United States, including union elections and unfair labor practices.

Representation Election

A formal process in which employees vote to decide whether or not they wish to be represented by a union in their workplace.