Question

The demand of commodity for which a consumer spends more percentage of his income is (a) More elastic (b) Less elastic (c) Unity (d) Perfectly elastic

Answer 1

Hey mate!!!!

here is your answer.....

The demand of commodity for which a consumer spends more percentage of his income is elasticity.....

hope it helps u...

plz mark it as brainiest....plz...

and ya u can follow me also

Answer 2

The demand for the commodity for which a consumer spends more ‘percentage of his income’ is more elastic.

Option: (a)

Explanation:

• The percentage of income spent by the consumer for a product affects its ‘price elasticity’ of demand.  

• When the amount of income is a ‘large percentage’ of consumer’s income that is being sent for a commodity then elastic of demand would be more elastic.  

• These are associated with ‘Normal goods’ which result in the ‘positive income elasticity’ of demand.  

• An ‘increase in income’ will result in a rise in ‘demand for the good’.

Learn more about demand for the commodity

Explain any four factors that affect demand for a commodity. Define demand

https://brainly.in/question/11550369#

Calculate the price elasticity of demand for a commodity and its price increases by 25% and quantity demanded Falls from 150 units to 120 units​

https://brainly.in/question/10069579