If the Quantity Demanded for a Good Rises as Income

question 18

Multiple Choice

If the quantity demanded for a good rises as income rises then the income elasticity of demand for this good is ________ than 0, and the good is ________ good.

• A)greater; an inferior
• B)less; a normal
• C)less; an inferior
• D)greater; a normal

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Definitions:

Transportation

The movement of goods or people from one location to another via vehicles, aircraft, ships, or other modes.

Indigenous Groups

Communities that are the original inhabitants of a region, recognized for their distinct languages, cultures, and connection to traditional territories.

Foreign-made Products

Products manufactured in a country other than where they are sold.