Item weight is the
A)Measure of how much consumers demand a particular item.
B)Percentage of total expenditure spent on a particular product.
C)Significance placed on a particular item by the wealthiest households.
D)Physical weight of a good or service.

Question

Quizplus · Accepted Answer

Item weight, in the context of consumer expenditure or economic analysis, refers to the percentage of total expenditure spent on a particular product, indicating its relative importance in the overall spending pattern of a consumer or group of consumers.

Item Weight Is the