A-LevelEconomicsThe price system and the microeconomy9708/12 · May/June 2023 · Q151 Mark
The table shows changes in a consumer's expenditure on various goods when her income increases from $20000 to $24000. [Table 15.1] Assuming all else remains unchanged, for which goods is the consumer's income elasticity of demand greater than 1.0?
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AW, Y and Z
BW and Z only
CW only
DZ only
✓ Correct answer
D: Z only
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