1. The table shows consumer expenditure on a range of different levels of income. 

2. For which good does the consumer have an income elasticity of demand greater than zero, but less than one. 

 

TranscribedText: consumer's income ($) 40 50 100 good consumer's expenditure ($) A 10 18 40 B 10 11 20 C 10 10 10 C 10 8 O

Transcribed Image Text:

40 good consumer's income ($) 50 consumer's expenditure ($) 100 ABCD 10 18 40 10 11 20 10 10 10 10 8 6 40 good consumer's income ($) 50 consumer's expenditure ($) 100 ABCD 10 18 40 10 11 20 10 10 10 10 8 6

Answer rating: 100% (QA)

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