{"id":999,"date":"2017-10-20T10:49:33","date_gmt":"2017-10-20T04:49:33","guid":{"rendered":"https:\/\/mcqacademy.com\/en\/mcq\/suppose-the-income-elasticity-for-transportation-is-incorrect-statement\/"},"modified":"2017-10-20T10:49:33","modified_gmt":"2017-10-20T04:49:33","slug":"suppose-the-income-elasticity-for-transportation-is-incorrect-statement","status":"publish","type":"mcq","link":"https:\/\/mcqacademy.com\/en\/mcq\/suppose-the-income-elasticity-for-transportation-is-incorrect-statement\/","title":{"rendered":"Suppose the income elasticity for transportation is&#8230;incorrect statement?"},"content":{"rendered":"<p><span class=\"tx\">\u00a0Suppose the income elasticity for transportation is 1.8. Which of the following is an<\/span><span class=\"tx\">incorrect statement?<\/span><\/p>\n","protected":false},"author":34,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","topic":[61],"subject":[5],"class_list":["post-999","mcq","type-mcq","status-publish","hentry","topic-quantitative-demand-analysis","subject-managerial-economics"],"mcq_note":"<span class=\"tx\">\u00a0Suppose the income elasticity for transportation is 1.8.the following is an\u00a0<\/span><span class=\"tx\">incorrect statement\u00a0 Expenditures on transportation will fall less rapidly than income falls.<\/span>","mcq_options":[{"right":"no","answer":" Transportation is a normal good"},{"right":"no","answer":" Expenditures on transportation grow more rapidly than income grows"},{"right":"yes","answer":" Expenditures on transportation will fall less rapidly than income falls"},{"right":"no","answer":"Whenever the income increases by 1%, the expenditure on transportation increases by 1.8%"}],"multi_answers":"no","subject_terms":[{"id":5,"title":"Managerial Economics","slug":"managerial-economics"}],"topic_terms":[{"id":61,"title":"Quantitative Demand Analysis","slug":"quantitative-demand-analysis"}],"_links":{"self":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq\/999","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq"}],"about":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/types\/mcq"}],"author":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/comments?post=999"}],"wp:attachment":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/media?parent=999"}],"wp:term":[{"taxonomy":"topic","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/topic?post=999"},{"taxonomy":"subject","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/subject?post=999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}