Answer to Question #85889 in Microeconomics for Ayanda Lubisi

Question

The consumption of chicken changes from 10 kg per month to 5 kg per month due to a
salary increase of R500 from R2 000 initially received monthly. What is the income
elasticity of the demand for chicken?
1. – 2
2. 0.67
3. 1
4. 1.33

Answer 1

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