The Price Elasticity of Demand for Food Tends to Be

question 107

Multiple Choice

The price elasticity of demand for food tends to be

• A) higher in richer nations.
• B) lower in richer nations.
• C) the same in rich and poor nations.
• D) unrelated to per capita wealth.

---

Definitions:

Predominantly

Mainly or for the most part; indicates that something is the majority or the most common.

Inner-city

Typically refers to the areas near the center of a large city, which may deal with issues related to economic, social, and infrastructural challenges.

Healthcare Providers

Professionals or organizations that offer services related to the maintenance or improvement of health, including doctors, nurses, and hospitals.

Hurricane Katrina

A devastating Category 5 hurricane that struck the Gulf Coast of the United States in August 2005, causing significant loss of life and property, particularly in New Orleans.