If the price elasticity of demand is zero for all prices, the demand curve is

Which of the following goods is likely to have an income elasticity of demand greater than one?

A) Salt B) Gasoline C) Diamond jewelry D) Bread

The idea that having ownership of an item increases the value that a person puts on the item can be explained by

a. The endowment effect b. Loss aversion c. Overconfident bias d. Anchoring bias