For Which of the Following Goods Is the Value of Income

question 95

Multiple Choice

For which of the following goods is the value of income elasticity most likely to be negative?​

• A)Macaroni and cheese.
• B)Champagne.
• C)Airline tickets.
• D)Clothes.
• E)Toothpaste.

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Definitions:

Adhesion Junction

Junction between cells in which the adjacent plasma membranes do not touch but are held together by intercellular filaments attached to buttonlike thickenings.

Tight Junction

A complex of proteins in the cell membrane that creates a watertight seal between cells, preventing leakage of extracellular fluid.

Impermeable Barrier

A material or structure that does not allow fluids or gases to pass through it.

Epithelial

Refers to the type of tissue that lines the cavities and surfaces of blood vessels and organs throughout the body.