If a Good Is Considered to Be an Inferior Good

question 35

Multiple Choice

If a good is considered to be an inferior good, its income elasticity of demand is

• A)greater than 1.
• B)less than 0.
• C)equal to 0.
• D)between 0 and 1.
• E)equal to 1.

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Definitions:

Pericardial Cavity

Space within the mediastinum in which the heart is located.

Pulmonary Circulation

The portion of the cardiovascular system that carries deoxygenated blood from the heart to the lungs and returns oxygenated blood back to the heart.

Fibrous Pericardium

The tough, fibrous outer layer of the pericardium that provides mechanical protection and stabilization to the heart.

Parietal Pericardium

Serous membrane lining the fibrous portion of the pericardial sac.