Use the above table. The income elasticity of jam is

A) -0.33.
B) 0.33.
C) 3.00.
D) -3.00.

A

Economics

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In the real intertemporal model, an adverse sectoral shock acts to

A) reduce real output and reduce the real interest rate. B) increase real output and increase the real interest rate. C) increase real output and reduce the real interest rate. D) reduce real output and increase the real interest rate.

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The distribution of income among African-American families is more even than it is for the population as a whole

a. True b. False

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