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Suppose When the Consumer's Income Rises by 100%,the Consumer's Consumption

Question 61

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Suppose when the consumer's income rises by 100%,the consumer's consumption of good Suppose when the consumer's income rises by 100%,the consumer's consumption of good only increases by 1%.We can infer that the consumer's income elasticity for good is A) -0.01 B) -1 C) 0.01 D) 1 only increases by 1%.We can infer that the consumer's income elasticity for good Suppose when the consumer's income rises by 100%,the consumer's consumption of good only increases by 1%.We can infer that the consumer's income elasticity for good is A) -0.01 B) -1 C) 0.01 D) 1 is


A) -0.01
B) -1
C) 0.01
D) 1

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