Demand for a necessity, such as food, is
a. both income and price inelastic
b. income inelastic and price elastic
c. income elastic and price inelastic
d. both income and price elastic
e. income elastic and perfectly price inelastic
Question 2
As the economy recovers from a recession, we should expect that
a. demand for inferior goods will fall and demand for normal goods will rise
b. demand for both inferior and normal goods will rise
c. demand for inferior goods will rise and demand for normal goods will fall
d. demand for both inferior and normal goods will fall
e. demand for complements will fall
Race-Ethnicity and Income Extremes
Food Sources of the Essential Fatty Acids Many oils and nuts
Read Food Labels to Lower Saturated and Trans Fat Intake
Spectrum of Food Security Food insecurity and hunger are points along the continuum
People in poor, urban areas often find themselves in “food deserts"
Construct a Lorenz curve that shows income distribution in this society.