📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    âš¡ Month End Offer - Flat 52% Off On All Courses! Enroll Now âš¡
    00:00:00 AM Left

    Question

    Sonia has decided to always spend one-tenth of her

    income on shoes. Her income and price elasticities of demand for shoes are
    A income elasticity zero, price elasticity unity Correct Answer Incorrect Answer
    B income elasticity zero, price elasticity zero Correct Answer Incorrect Answer
    C income elasticity unity, price elasticity unity Correct Answer Incorrect Answer
    D income elasticity unity, price elasticity zero Correct Answer Incorrect Answer

    Solution

    Practice Next
    ask-question