The Lower the Level of Income in a Country,the

question 285

Multiple Choice

The lower the level of income in a country,the

• A) less income elastic is the demand for food.
• B) more income elastic is the demand for food.
• C) more negative the income elasticity of the demand for food.
• D) Both answers A and C are correct.
• E) None of the above is correct.

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Definitions:

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