Regarding the demand for children equation, children have costs and benefits to parents, and _________. a. the income elasticity of demand for children is strongly negative b. there is a trade-off to parents between quantity and quality of children c. the impact on family income is always negative, so children can be viewed as consumer goods d. none of the above

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter6: Consumer Choices
Section: Chapter Questions
Problem 15CTQ: Income Effects depend on the income elasticity of demand for each good limit you buy. If one of the...
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Regarding the demand for children equation, children have costs and benefits to parents, and _________. a. the income elasticity of demand for children is strongly negative b. there is a trade-off to parents between quantity and quality of children c. the impact on family income is always negative, so children can be viewed as consumer goods d. none of the above
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