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If anindividual's income rises 10 percent and his clothing purchases increase 15 percent inresponse, the income elasticity for clothing by the individual is A. -0.8.
If anindividual's income rises 10 percent and his clothing purchases increase 15 percent inresponse, the income elasticity for clothing by the individual is
A.
-0.8.
B.
1.5.
C.
0.8.
D.
-1.5.
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Theory And Practice Of Public Sector Reform
Authors: Steven Van De Walle, Sandra Groeneveld
1st Edition
1317500113, 9781317500117
