The Income Elasticity of Demand Is the Ratio of the Percentage

question 93

Multiple Choice

The income elasticity of demand is the ratio of the percentage change in:

• A) the quality demanded of a good to the percentage change in income.
• B) the quantity demanded of a good to the percentage change in income.
• C) income to the percentage change in quantity demanded of a good.
• D) the quantity demanded of a good to the percentage change in price.

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Definitions:

Sexual harassment

Unwelcome sexual advances, requests for sexual favors, and other verbal or physical harassment of a sexual nature that affects an individual's employment, interferes with work performance, or creates a hostile work environment.

Disparate impact

A theory in anti-discrimination law that occurs when policies, practices, rules, or other systems that appear to be neutral result in a disproportionate impact on protected groups.

Disparate treatment

A legal doctrine under U.S. employment law that refers to intentional discrimination against individuals on the basis of race, color, religion, sex, or national origin.

Employment practices

Policies, procedures, and actions related to the management of employees within an organization, including hiring, training, promotion, and termination.