The table indicates how one person’s weekly intake of biscuits and coffee changes as income changes. income ($) 100 150 biscuits (packs) 0 5 coffee (cups) 5 10 Which statement about the income elasticity of demand over the range of income shown is true?
- AFor biscuits it is greater than 1.
- BFor biscuits it is zero.
- CFor coffee it is less than 1.
- DFor coffee it is unitary.