If We Wanted to Prove That Macaroni Is an Inferior

question 24

Multiple Choice

If we wanted to prove that macaroni is an inferior good, we would test the __________ of macaroni and get a __________.

• A)cross-price elasticity; negative number
• B)income elasticity; number less than 1
• C)income elasticity; positive number
• D)price elasticity of demand; number greater than negative 1
• E)income elasticity; negative number

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Definitions:

Power of X

Power of X typically describes a mathematical operation where a number (X) is multiplied by itself a certain number of times.

Divide and Conquer

An algorithm strategy that breaks a problem into smaller parts, solves each part individually, and then combines the solutions.

Recursive Method

A method in programming that calls itself in order to solve a problem by breaking it down into smaller sub-problems.

Return a Value

In programming, the process of sending a value back to the calling function as the result of a function call.