The Income Elasticity of Demand for Manufactured Goods Is Generally

Multiple Choice

The income elasticity of demand for manufactured goods is generally thought to be __________ than the income elasticity of demand for primary products, and the price elasticity of demand for manufactured goods (when the negative sign is ignored) is __________ than the price elasticity of demand for primary products.

A) lower; also generally thought to be lower
B) lower; generally thought to be higher
C) higher; generally thought to be lower
D) higher; also generally thought to be higher