Studies Show That as Real Income Has Been Rising in the United

question 24

Multiple Choice

Studies show that as real income has been rising in the United States,the per-capita demand for food has been increasing by

• A)much less,which means the demand for food is income inelastic.
• B)much more,which means the demand for food is income elastic.
• C)much more,which means the demand for food is income inelastic.
• D)as much,which means the demand for food is unit elastic.
• E)none of the above

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