If an Increase in Income Results in a Decrease in the Quantity

question 200

Multiple Choice

If an increase in income results in a decrease in the quantity demanded of a good,then for that good,the

• A)cross-price elasticity of demand is negative.
• B)price elasticity of demand is elastic.
• C)income elasticity of demand is negative.
• D)income elasticity of demand is positive.

---

Definitions:

Romantic Comedy

A style or type of comedy popular in the 1930s often structured around the frustration or thwarting of a romantic and/or sexual relationship.

Backstage Musical

A genre of musical film where the plot revolves around performers and their lives in the theater or other performance venues.

Body Horror

A genre of horror that focuses on violations of the human body, such as mutilation, mutation, or transformation, often eliciting fear or disgust.

Creative Executive

An individual within a media company responsible for overseeing the development and production of content, including identifying and nurturing creative talent.