If a Good Is Inferior, Then the Income Elasticity of Demand

question 171

Multiple Choice

If a good is inferior, then the income elasticity of demand for that good is

• A)positive and greater than 1
• B)negative
• C)positive and less than 1
• D)0
• E)perfectly elastic

---

Definitions:

Variable Rate Spring

A spring that provides variable resistance or support based on the applied load, offering improved handling and performance in vehicles or machinery.

Oscillation Frequency

The rate at which an object or system oscillates, usually measured in cycles per second or Hertz (Hz).

Dampen

Synonymous with damp.

Suspension Components

Parts like springs, shock absorbers, and struts that are used to support a vehicle's frame, body, engine, and systems while driving over uneven surfaces.