Mathematics, 13.02.2022 08:30 jacamron
If consumers always spend 15 percent of their income on food, then the income elasticity of demand for food is
O a. 0.15
O b. 1.00
O C. 1.15.
O d. 1.50.
O e. none of the above.
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If consumers always spend 15 percent of their income on food, then the income elasticity of demand f...
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