# Demand is income elastic if a an increase in income

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Demand is income elastic if A) an increase in income will not affect the quantity demanded. B) a small percentage increase in income will result in a large percentage increase in quantitydemanded. C) the good in question has close substitutes. D) a large percentage increase in income will result in a small percentage increase in quantitydemanded. The income elasticity of demand is high for
C) clothing. D) food. To say that turnips are inferior goods means that the income elasticity
An increase in Abigail's income decreases her demand for cassette tapes. For her, cassette tapes are
Goods whose income elasticities are negative are called A) superior goods. B) inferior goods. C) normal goods D) complements.
A 10 percent increase in income has caused a 5 percent decrease in the quantity demanded. Theincome elasticity is
Deb's income has just risen from \$950 per week to \$1,050 per week. As a result, she decides toincrease the number of movies she attends each month by 5 percent. Her demand for movies is
Fred's income has just risen from \$940 per week to \$1,060 per week. As a result, he decides topurchase 9 percent more steak per week. The income elasticity of Fred's demand for steak is
Joan's income has just risen from \$940 per week to \$1,060 per week. As a result, she decides topurchase 12 percent more lettuce per week. The income elasticity of Joan's demand for lettuce is A) 1.33. B) 0.90 . C) 1.00 . D) 0.75.
A 10 percent increase in income causes the quantity of apple juice demanded to increase from18,800 to 21,200 gallons. The income elasticity of demand for apple juice is