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The Table Below Shows the Quantities of Automobiles, Margarine, and Coffee

Question 103

Multiple Choice

The table below shows the quantities of automobiles, margarine, and coffee purchased by Ted at different levels of income. Table 19.2
The table below shows the quantities of automobiles, margarine, and coffee purchased by Ted at different levels of income. Table 19.2 Refer to Table 19.2.What is the income elasticity of demand for automobiles? A) 0.5 B) 0.35 C) 2 D) 0.2 E) Zero Refer to Table 19.2.What is the income elasticity of demand for automobiles?


A) 0.5
B) 0.35
C) 2
D) 0.2
E) Zero

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