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Income elasticity of Mutella -0,31 Cross elasticity Nutella and pancakes -0,7 Cross elasticity of Nutella and peanut butter +0,8 What does the income elasticity tell

Income elasticity of Mutella -0,31 Cross elasticity Nutella and pancakes -0,7 Cross elasticity of Nutella and peanut butter +0,8

  1. What does the income elasticity tell us about Nutella?

  1. What do the data provided tell us about Cross elasticity between Nutella and pancakes?
  2. What do the data provided tell us about the cross elasticity between Nutella and peanut butter?

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