For a Renter, the Income Effect of an Increase in Apartment

Multiple Choice

For a renter, the income effect of an increase in apartment rents will _____

A) have a greater impact than the income effect of an increase in the price of chewing gum.
B) be almost negligible because everything except price is assumed constant along a demand curve.
C) have less of an effect than the income effect of a decrease in the price of dairy products.
D) be almost negligible because housing is a necessity.
E) have a greater impact than the positive substitution effect of this price change.