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Author Question: In Tanzania a larger proportion of income is spent on food compared to Canada. As a result, we'd ... (Read 27 times)

RRMR

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In Tanzania a larger proportion of income is spent on food compared to Canada.
As a result, we'd expect the price elasticity of demand for food to be
◦ greater in Canada.
◦ greater in Tanzania.
◦ equal in both countries because food is a necessity.
◦ unrelated because the prices are different.
◦ negative in Tanzania and positive in Canada.


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Marked as best answer by RRMR on May 24, 2019

deja

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