Economics 9708 · AS & A Level · Price elasticity of demand

Price elasticity of demand — practice question

The table presents a consumer’s spending on a variety of goods at different income levels. For which good does the consumer have an income elasticity of demand greater than zero, but less than one?

  • AGood A: income 40->50->100, expenditure 10,18,40
  • BGood B: income 40->50->100, expenditure 10,11,20
  • CGood C: income 40->50->100, expenditure 10,10,10
  • DGood D: income 40->50->100, expenditure 10,8,6

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