Question: QUESTION 5 Study table 5.1 below and answer the question that follows Table 5.1 Average weekly pocket money for senior primary kids 2020 2021

QUESTION 5 Study table 5.1 below and answer the question that follows Table 5.1 Average weekly pocket money for senior primary kids 2020 2021 R7 R8.75 (4 Marks) Cornetto ice cream is a popular snack bought by kids in senior primary school. Cornetto's income elasticity of demand is estimated to be -0.1. Calculate the percentage change in quantity demanded for Cornetto ice cream between 2020 and 2021, ceteris paribus: A. -0.8% B.-2% C.-2.5% D. -25%

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