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djsmyers djsmyers
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6 years ago
If the income elasticity of hamburgers is -0.8 for John, then his share of income spent on hamburgers will ________ when his income increases.
A) increase
B) decrease
C) remain the same
D) Not enough information
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Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
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unExpectedunExpected
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#1
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6 years ago
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djsmyers Author
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6 years ago
Correct Slight Smile TY
decibul
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Yesterday
Smart ... Thanks!
jakechambo3
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2 hours ago
Good timing, thanks!
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