A-LevelEconomicsGovernment microeconomic intervention9708/12 · May/June 2019 · Q91 Mark
What follows if the income elasticity of demand for a good has a value of –0.2?
AWhen income rises less of the good is bought.
BWhen income rises more of the good is bought.
CWhen price falls more of the good is bought.
DWhen price rises less of the good is bought.
✓ Correct answer
A: When income rises less of the good is bought.
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