Last Year,Joan Bought 50 Pounds of Hamburger When Her Household's

question 178

Multiple Choice

Last year,Joan bought 50 pounds of hamburger when her household's income was $40,000.This year,her household income was only $30,000 and Joan bought 60 pounds of hamburger.All else constant,Joan's income elasticity of demand for hamburger is

• A)positive,so Joan considers hamburger to be an inferior good.
• B)positive,so Joan considers hamburger to be a normal good and a necessity.
• C)negative,so Joan considers hamburger to be an inferior good.
• D)negative,so Joan considers hamburger to be a normal good but not a necessity.

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