A-LevelEconomicsThe price system and the microeconomy9708/12 · May/June 2014 · Q81 Mark
The table shows a consumer's expenditure on a range of goods at different levels of income. For which good does the consumer have an income elasticity of demand greater than zero, but less than one? [Table showing consumer's income () at 40, 50, 100, and consumer's expenditure () for good A, B, C, D]
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Agood A
Bgood B
Cgood C
Dgood D
✓ Correct answer
B: good B
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