The Figure Given Below Shows the Demand Curves for Five

question 81

Multiple Choice

The figure given below shows the demand curves for five products: A, B, C, D, and E.Figure 6.1

-Income elasticity of demand is expected to be _____.

• A)relatively high for necessities
• B)positive for most products
• C)relatively low for luxuries
• D)negative for most products
• E)zero for most products

---

Definitions:

Neural Impulse

An electrical signal that travels along a neuron, enabling neurons to communicate with each other and with other parts of the body.

Threshold

The minimum level of stimulus intensity required to trigger a perceptible response or reaction.

Minimum Level

The lowest degree or amount of something that is considered acceptable or sufficient.

Antagonist

A molecule that inhibits or blocks a neurotransmitter’s action.