The Table Below Shows the Quantities of Automobiles, Margarine, and Coffee

question 38

Multiple Choice

The table below shows the quantities of automobiles, margarine, and coffee purchased by Ted at different levels of income.Table 6.2

-Refer to Table 6.2. What is the income elasticity of demand for automobiles?

• A)0.5
• B)0.35
• C)2
• D)0.2
• E)Zero

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Definitions:

Contraction

A shortening and tightening of a muscle or muscle group, which may occur as a natural part of physical activity or as a result of certain medical conditions.

MG

Could refer to myasthenia gravis, a chronic autoimmune neuromuscular disorder that causes weakness in the skeletal muscles.

Compresses

Pieces of material, often cloth, applied under pressure to a specific area of the body to relieve discomfort or stop bleeding.

Abdomen

The part of the body that contains the digestive organs, bounded by the diaphragm and the pelvis.