Families Go Through Good Times and Bad Times Financially

Multiple Choice

Families go through good times and bad times financially. It's now bad times for the Althoff family. The family buys more macaroni because its principal income earner has been laid off work for several months. This means that the Althoffs'

A) demand curve for macaroni is elastic
B) income elasticity for macaroni is negative
C) demand for macaroni reflects Engel's law
D) price elasticity of demand for macaroni is greater than one
E) price elasticity of demand for macaroni is less than one