. Based on the following table which indicates expenditure of the household on a commodity, answer the questions that follow ( The price of the good is Br.10 )
Income Quantity Demanded
( Br. / month) ( units / month )
10,000 50
20,000 60
30,000 70
40,000 80
50,000 90
A) Calculate income elasticity of demand, if income increases from Br.10, 000 to Br.
20,000 and if income increases from Br.40, 000 to Br. 50,000.
⦁ Is this a normal or an inferior or a luxury good? Justify.
⦁ Does the proportion of household income spent on this good increase or decrease as income increases? .Why?
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Write a program to store five nos and disply the total and average of the
fivenumbers.
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