If We Assume That the Income Elasticity of Demand for Food

Multiple Choice

If we assume that the income elasticity of demand for food has been around 0.2 and that agricultural producers have become increasingly more productive,we can conclude that

A) prices of food have increased.
B) supply increases have been less than demand decreases.
C) as consumers' real incomes have been increasing over the years,they have been spending absolutely less on food.
D) prices of food have been stable.
E) none of the above