Answer:
Necessity Goods : Income Inelastic (< 1)
Luxury Goods : Income Elasticity ( > 1)
Explanation:
Elasticity is responsiveness of demand change to price change . Formula : - % change in demand / % change income
Normal goods have positive income elasticity, i.e. demand increase with income rise & decrease with income rise .
Necessity good's demand responds less to income change & is income inelastic ( < 1 ), % change in demand < % change in price .
Eg : Medicines
Luxury good's demand is more responsive to income change & is income elastic ( > 1) , % change in demand > % change in price .
Eg : Luxury Cars
It is a true statement that people are genetically predisposed to depression but their environment also plays a role in mood disorder.
<h3>What cause people that are
genetically predisposed?</h3>
These means people that inherited depression from their parent and this form more than 50% of all depression cases.
Therefore, It is a true statement that people are genetically predisposed to depression.
Read more about depression
<em>brainly.com/question/21711771</em>
Another name for the Paleolithic era is is the Stone Age, so it is the second choice.
Alfonso's average speed was 400 meters per minute.
