If the Income Elasticity for Ramen Noodles Is -3

question 34

Multiple Choice

If the income elasticity for Ramen Noodles is -3.0,we may conclude that Ramen Noodles are _________.

• A)a normal good
• B)an inferior good
• C)both a normal good and an inferior good
• D)neither a normal good nor an inferior good

---

Definitions:

Reconstruction Amendments

The 13th, 14th, and 15th amendments to the United States Constitution, adopted between 1865 and 1870, aimed at abolishing slavery, granting citizenship and equal protection under the laws, and securing voting rights irrespective of race, color, or previous condition of servitude.

Republicans

A political party in the United States, historically starting as a platform against the spread of slavery in the territories before the Civil War, and currently known for advocating conservative positions on economics, national defense, and social issues.

Democrats

A member or supporter of the Democratic Party in the United States, one of the two major contemporary political parties in the country, generally associated with liberal, progressive, and socially democratic policies.

Reconstruction Amendments

The 13th, 14th, and 15th amendments to the United States Constitution, passed after the Civil War, which abolished slavery, granted citizenship rights, and protected voting rights for all men regardless of race.