illl1598 illl1598
  • 15-02-2024
  • Business
contestada

When Kristian's income rose by 15% last year, his consumption of sausages fell by 10%. Based on this information, what is the income elasticity of demand for sausages? Choose the correct option:
a) 15%
b) 10%
c) 5%
d) Cannot be determined

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