If the Income Elasticity of Demand Is 1

question 88

Multiple Choice

If the income elasticity of demand is 1.2, the good will be a(n) :

• A) complement good.
• B) substitute good.
• C) necessity good.
• D) inferior good.
• E) luxury good.

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Definitions:

Heavy Workload

A situation where the amount of work assigned exceeds the employee's capacity to complete it within a reasonable timeframe, often leading to stress.

Hindrance Stressor

Work-related obstacles that prevent individuals from achieving their goals, leading to stress.

Hindrance Stressors

Work-related stress factors that are perceived as obstacles to growth, learning, or achieving one's goals, such as unnecessary red tape or ineffective processes.

Added Motivation

Additional drive or incentive that encourages an individual to pursue a goal or engage in a specific behavior.