Question
Which of the following is most likely true : a.On average, Americans spend 15-20% of their income on food. b.U.S. consumers are spending an increasing
Which of the following is most likelytrue:
a.On average, Americans spend 15-20% of their income on food.
b.U.S. consumers are spending an increasing share of their income on food.
c.In general, Americans have one of the smallest shares of income spent on food in the world.
d.Income elasticities for food tend to be small and negative.
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Marketing
Authors: John McMurry, Robert Fay
13th Edition
125973806X, 9781259738067
