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Use the Following for Questions 163-168

Question 66

Multiple Choice

Use the following for questions 163-168.
Exhibit: Johnson's Income and Expenditures
Quantity Purchased per Month
Use the following for questions 163-168. Exhibit: Johnson's Income and Expenditures Quantity Purchased per Month -(Exhibit: Johnson's Income and Expenditures) Johnson's income elasticity of demand for pizzas is: A) -1.4. B) approximately -0.7. C) 0. D) approximately 0.7.
-(Exhibit: Johnson's Income and Expenditures) Johnson's income elasticity of demand for pizzas is:


A) -1.4.
B) approximately -0.7.
C) 0.
D) approximately 0.7.

Correct Answer:

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