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Suppose Iceberg Lettuce Has an Income Elasticity of Demand of 0.35.A

Question 70

Multiple Choice

Suppose iceberg lettuce has an income elasticity of demand of 0.35.A 10 percent increase in income causes the quantity demanded of iceberg lettuce to _______________ by ______________ percent.


A) rise;3.5
B) rise;28.57
C) fall;28.57
D) fall;3.5

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