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When Income Increases from $30,000 a Year to $40,000 a Year,the

question 89

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When income increases from $30,000 a year to $40,000 a year,the quantity demanded of weekend vacations by Sara increases from 2 a year to 5 a year.For Sara,the income elasticity of demand of weekend vacations is ________ and weekend vacations are ________ good.


Definitions:

Somatic Nervous System

The part of the peripheral nervous system associated with the voluntary control of body movements through the action of muscles.

Central Nervous System

The central nervous system (CNS) is comprised of the brain and spinal cord, serving as the primary processing center for the entire nervous system, and is responsible for receiving, processing, and coordinating information throughout the body.

Parasympathetic Nervous System

Part of the autonomic nervous system that promotes relaxation, digestion, and nutrient absorption, counterbalancing the sympathetic nervous system.

Parasympathetic Nervous System

The part of the autonomic nervous system responsible for conserving energy and promoting rest and digest functions, often termed as the "rest and digest" system.

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