A-LevelEconomicsThe price system and the microeconomy9708/12 · Oct/Nov 2010 · Q71 Mark
The table shows a consumer's expenditure on a range of goods at different levels of income. consumer's income () 40 50 100 good consumer's expenditure () A 10 18 40 B 10 11 20 C 10 10 10 D 10 8 6 For which good does the consumer have an income elasticity of demand greater than zero, but less than one?
AA
BB
CC
DD
✓ Correct answer
B: B
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