The table gives a consumer’s spending on a variety of goods at different income levels. For which good is the consumer’s income elasticity of demand greater than zero but less than one?
- A10, 18, 40
- B10, 11, 20
- C10, 10, 10
- D10, 8, 6
Economics 9708 · AS & A Level · Price elasticity of demand
The table gives a consumer’s spending on a variety of goods at different income levels. For which good is the consumer’s income elasticity of demand greater than zero but less than one?