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mash [69]
3 years ago
9

The income elasticity of demand for a food is unity. a consumer's monthly income is $2,000, of which 20 percent is spent on food

. if income doubles, the amount spent on food will be:
Business
1 answer:
Anna11 [10]3 years ago
8 0
Obviously, it becomes half so it'll be 10%
Forgive me if its wrong. im answering as best as i can.
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