For a Good Such as a Large Screen HD Television

question 328

Multiple Choice

For a good such as a large screen HD television set,the income elasticity would likely be

• A) negative.
• B) equal to zero.
• C) positive and less than one.
• D) positive and greater than one.
• E) undefined because large screen, HD TVs are bought by many consumers.

---

Definitions:

Attitudes

A psychological tendency expressed by evaluating a particular entity with some degree of favor or disfavor.

Field Study

A research investigation carried out in a naturally occurring setting.

Real-World Setting

A real-world setting refers to actual, not theoretical or simulated, environments and situations where events take place or data is collected.

Independent Variable

The variable that researchers manipulate in an experiment.