INCOME 25 000 50 000 In the table above the income

Last updated: 2/16/2023

INCOME 25 000 50 000 In the table above the income elasticity for margarine is Automobiles 2 QUANTITY PURCHASED 3 Coffee 10 8 Margarine 1 3 and margarine is found to be we don t have enough information to determine income elasticity for coffee 3 an inferior good 1 3 an inferior good 1 5 an inferior good O 1 5 a normal good