Goods Are ________ When the Income Elasticity of Demand Is

question 216

Multiple Choice

Goods are ________ when the income elasticity of demand is positive.

• A) complements
• B) elastic
• C) inferior
• D) substitutes
• E) normal

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Definitions:

Homeotic Genes

Genes that control the development of anatomical structures in various organisms by determining the identity of body parts.

Transcription Factors

Proteins that bind to specific DNA sequences to control the rate of transcription of genetic information from DNA to messenger RNA.

Enzymes

Biological molecules that act as catalysts to speed up chemical reactions in living organisms.

Eukaryotes

Organisms whose cells contain a nucleus enveloped by a membrane, including animals, plants, fungi, and protists.