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The Table Below Shows the Quantities of Automobiles,margarine,and Coffee Purchased

Question 93

Multiple Choice

The table below shows the quantities of automobiles,margarine,and coffee purchased by Ted at different levels of income. Table 5.2
The table below shows the quantities of automobiles,margarine,and coffee purchased by Ted at different levels of income. Table 5.2 - Refer to Table 5.2.What is the income elasticity of demand for automobiles? A) 0.5 B) 0.35 C) 2 D) 0.2 E) Zero
- Refer to Table 5.2.What is the income elasticity of demand for automobiles?


A) 0.5
B) 0.35
C) 2
D) 0.2
E) Zero

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