The Income Elasticity of Demand for Caviar Tends to Be

question 302

Multiple Choice

The income elasticity of demand for caviar tends to be

• A)high because caviar is relatively expensive.
• B)low because caviar is packaged in small containers.
• C)high because buyers generally feel that they can do without it.
• D)low because it is almost always in short supply.

---

Definitions:

Global Level

Refers to the broader, international scope or scale at which organizations, strategies, or phenomena can operate or influence.

Reviews

Evaluations or assessments of products, services, or performances, often published online or in print media.

Health Care

The organized provision of medical services to individuals or communities for the purpose of promoting, maintaining, monitoring, or restoring health.

Social Media Team

A dedicated group within an organization focused on managing and creating content for social media platforms.