If You Spend a Large Portion of Your Income on a Good

question 236

Multiple Choice

If you spend a large portion of your income on a good,

• A) supply of that good would be price elastic.
• B) demand for that good is more elastic than if you spent a smaller portion of your income on the good.
• C) supply of that good is price inelastic.
• D) demand for that good is less elastic than if you spent a smaller portion of your income on the good.
• E) the good must be able to be produced at a constant (or gently rising) opportunity cost.

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Definitions:

Health Promotion Programs

Initiatives designed to increase awareness and foster behaviors conducive to health improvement and disease prevention.

Disseminating Information

The process of spreading or distributing information and knowledge to a wide audience.

Changing Lifestyle

The process of altering one's habits, routines, and environment in order to improve health, well-being, or quality of life.

Health Promotion

The process of enabling people to increase control over, and to improve, their health, through lifestyle changes and environmental improvements.