The diagram illustrates how the quantity demanded for four goods varies as income changes. Which good has an income elasticity of demand that is always +1?
- Agood A (diagram)
- Bgood B (diagram)
- Cgood C (diagram)
- Dgood D (diagram)
Economics 9708 · AS & A Level · Price elasticity of demand
The diagram illustrates how the quantity demanded for four goods varies as income changes. Which good has an income elasticity of demand that is always +1?