In the Object-Oriented Systems Design Approach

question 90

Multiple Choice

In the object-oriented systems design approach,

• A) objects possess two characteristics-attributes and instances
• B) an instance is a logical grouping of individual objects
• C) inheritance means that each object instance inherits the attributes and operations of the class to which it belongs
• D) operations performed on objects always change attributes

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Definitions:

Income Elasticity

A measure of how much the demand for a good or service changes in response to changes in consumer income.

Inferior Good

is a type of good whose demand decreases when the income of consumers increases, contrary to what is observed with normal goods.

Cross-price Elasticity

A measure of how the demand for one good responds to a change in the price of another good, indicating their substitutability or complementarity.

Complements

Goods or services that are used together, where an increase in demand for one leads to an increase in demand for the other.