If the Income Elasticity of Demand for a Good Is

question 230

Multiple Choice

If the income elasticity of demand for a good is 2,then when income rises 10 percent,the quantity demanded

• A) increases 2 percent.
• B) increases 20 percent.
• C) decreases 2 percent.
• D) decreases 20 percent.
• E) increases 12 percent.

---

Definitions:

Creativity

The ability to generate or recognize ideas, alternatives, or possibilities that may be useful in solving problems, communicating with others, and entertaining.

Physical Exercise

Activities that require physical effort undertaken to sustain or improve health and fitness.

Endorphins

naturally occurring chemicals in the body that interact with the brain's receptors to reduce pain perception and boost feelings of pleasure or euphoria.

Creative Ideas

Novel and original concepts or approaches that offer solutions to problems or new ways of doing things.