Question

For commodity like salt , sugar etc the income elasticity will be ?
a) zero
b) positive
c) negative
D ) utility ​

Answer 1

Answer:

positive is the answer hope it helps you have a great day ahead

Answer 2

Answer:

The correct answer is a) Zero

Explanation:

income elasticity of demand is an economic degree of how responsive the amount call for for a good or provider is to a change in profits. The formulation for calculating profits elasticity of demand is the percentage alternate in quantity demanded divided by way of the percentage change in earnings. profits elasticity of demand refers to the sensitivity of the quantity demanded for a positive excellent to a alternate inside the actual profits of consumers who buy this precise.

The method for calculating profits elasticity of demand is the percent trade in amount demanded divided by way of the percentage change in income. With earnings elasticity of call for, you could inform if a particular proper represents a necessity or a luxurious. The 4 factors that affect fee elasticity of call for are

1) availability of substitutes,

(2) if the coolest is a luxurious or a necessity,

(3) the share of income spent on the good, and

(4) how an awful lot time has elapsed for the reason that time the charge changed. If income elasticity is nice, the best is regular.

For commodity like salt , sugar etc the income elasticity will be ?

https://brainly.in/question/36385628?msp_srt_exp=4

What is the income elasticity demand??​

https://brainly.in/question/21323295?msp_srt_exp=4

#SPJ3