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The table shows consumer expenditure on a range of different levels of income. For which good does the consumer have an income elasticity of demand
The table shows consumer expenditure on a range of different levels of income.
For which good does the consumer have an income elasticity of demand greater than zero, but less than one.
consumer's income ($) 40 50 100 good consumer's expenditure ($) A 10 18 40 B 10 11 20 C 10 10 10 C 10 8 OStep by Step Solution
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