Income elasticity of demand is greater than zero for all of the following except a. restaurant ...

Author Question: Income elasticity of demand is greater than zero for all of the following except a. restaurant ... (Read 51 times)

bcretired

Hero Member
Posts: 525

on: Jul 1, 2018

Income elasticity of demand is greater than zero for all of the following except
a. restaurant meals
b. beer
c. owner-occupied housing
d. food
e. rental housing

Question 2

The ability of increasing quantity supplied in response to a higher price is identical across industries.
a. True
b. False

Swizqar

Sr. Member
Posts: 357

Reply #1 on: Jul 1, 2018

Answer to Question 1

B

Answer to Question 2

B

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