Examlex
For which of the following goods is the income elasticity of demand likely lowest?
Utility
represents the total satisfaction received from consuming a good or service.
Total Utility
The overall satisfaction or fulfillment that a consumer receives from consuming a particular quantity of goods or services.
T-Shirts
A type of clothing characterized by short sleeves and typically made of cotton fabric.
Coffee
A brewed drink prepared from roasted coffee beans, the seeds of berries from certain Coffea species.
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