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Author Question: Which of the following tends to be true of the income elasticity of demand for food? (Read 33 times)

allywil32

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on: Oct 12, 2022
Which of the following tends to be true of the income elasticity of demand for food?
◦ It is usually zero, since we can only eat so much.
◦ It tends to remain fairly constant at all levels of income.
◦ At low levels of income, it tends to be fairly high; but as the level of income rises, it tends to fall.
◦ It tends to be well below unity only at low levels of income.
◦ It tends to be well above unity only at high levels of income.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by allywil32 on Oct 12, 2022

Khareemom14

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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allywil32

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

Liddy

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Reply 3 on: Yesterday
Excellent

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