Where a commodity takes an insignificant proportion of the consumer’s income, demand for it will…

Economics WAEC 2012

Where a commodity takes an insignificant proportion of the consumer’s income, demand for it will be

  • unitary elastic
  • price inelastic
  • fairly elatic
  • income inelastic checkmark

The correct answer is: D

Explanation

Income inelastic  means that consumer demand would not change in response to a change in income.

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