Assume That a 4 Percent Decrease in Income Results in a 6

question 211

Multiple Choice

Assume that a 4 percent decrease in income results in a 6 percent increase in the quantity demanded of a good.The income elasticity of demand for the good is

• A)negative,and the good is an inferior good.
• B)negative,and the good is a normal good.
• C)positive,and the good is an inferior good.
• D)positive,and the good is a normal good.

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Definitions:

Effort Justification

A phenomenon where individuals assign greater value to outcomes they had to put effort into achieving or obtaining.

Marriage Ceremonies

Rituals or events that celebrate and formalize the union between two individuals within a cultural or legal context.

Marriage-Inconsistent Behaviors

Actions or patterns of behavior in a marriage that contradict the expectations, norms, or agreements between the partners, potentially leading to conflict or dissatisfaction.

Anti-Chinese Prejudice

Negative attitudes, beliefs, or discrimination specifically directed against individuals of Chinese descent or origin.