Given the Typical Income Elasticity for Food,a 10 Percent Increase

question 58

Multiple Choice

Given the typical income elasticity for food,a 10 percent increase in income will lead to

• A)An increase in food demand of more than 10 percent.
• B)A decrease in food demand of less than 10 percent.
• C)An increase in food demand of 10 percent.
• D)An increase in food demand of less than 10 percent.

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