Solved

Studies Show That as Real Income Has Been Rising in the United

Question 24

Multiple Choice

Studies show that as real income has been rising in the United States,the per-capita demand for food has been increasing by


A) much less,which means the demand for food is income inelastic.
B) much more,which means the demand for food is income elastic.
C) much more,which means the demand for food is income inelastic.
D) as much,which means the demand for food is unit elastic.
E) none of the above

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions