The Figure Given Below Shows the Demand Curves for Five

question 2

Multiple Choice

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

-Last year, Alice bought 40 CDs when her income was $20,000. This year, her income increased to $25,000, and she purchased 48 CDs. We can conclude that:

• A)Alice's price elasticity of demand for CDs is equal to 1.
• B)Alice's demand for CDs is price-inelastic.
• C)Alice's demand for CDs is price-elastic.
• D)the income elasticity of demand for CDs is negative.
• E)CDs are a normal good.

---

Definitions:

Economic Ties

Connections between countries or regions based on trade, investment, and financial activities, influencing their economic stability and growth.

Neutral

A state or position of not supporting or helping either side in a conflict or disagreement.

Pro-German Sympathies

Sentiments of support or favoritism towards Germany and its policies, particularly noted during the periods surrounding the World Wars.

Jeannette Rankin

The first woman ever elected to the United States Congress, serving as a Representative from Montana and a lifelong advocate for peace and women's rights.