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

Question 24

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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 falls by 1%.We can infer that the consumer's income elasticity for good is A) -1 B) -0.01 C) 1 D) 0.01 falls 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 falls by 1%.We can infer that the consumer's income elasticity for good is A) -1 B) -0.01 C) 1 D) 0.01 is


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

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