Multiple Choice
In Brazil, the income elasticity of demand for dairy is 0.7 and for fruit and vegetables it is 0.5. These elasticities mean that if the income of Brazilians decreases, they will purchase ________ dairy and ________ fruits and vegetables.
A) less; less
B) more; more
C) more; less
D) less; more
Correct Answer:
Verified
Correct Answer:
Verified
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