Answer to Question #85889 in Microeconomics for Ayanda Lubisi

Question #85889
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
1
Expert's answer
2019-03-06T05:34:41-0500
Dear Ayanda Lubisi, your question requires a lot of work, which neither of our experts is ready to perform for free. We advise you to convert it to a fully qualified order and we will try to help you. Please click the link below to proceed: Submit order

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