As the percentage of the consumers income accounted for by, Ask an Expert

Economics

As the percentage of the consumer's income accounted for by a particular good decreases, demand for the good will:

a) tend toward being perfectly elastic

b) tend to become closer to unit elastic

c) tend to become more price inelastic

d) tend to become more price elastic

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91707838

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