Social Studies, 11.04.2021 14:00 preshoo9941
Based on the following table which indicates expenditure of the household on a commodity answer the questions that follow (the price of the good is br. 10)
calculate income elasticity of demand if income increases from br 10,000 to br. 20,000 and if income increases from 40,000Br. to 50,000 Br.
is this a normal or an inferior or a luxury good?​
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