In Russia,as per capita income rises from $1,980 to $2,020,everything else remaining constant,annual per capita consumption of vodka falls from 525 to 475 liters; this implies an income elasticity of demand for vodka of:
A) -0.50.
B) -5.0.
C) 2.0.
D) 5.0.
E) 0.50.

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The Answer of In Russia,as per capita income rises from $1,980 to $2,020,everything else remaining constant,annual per capita consumption of vodka falls from 525 to 475 liters; this implies an income elasticity of demand for vodka of:
A) -0.50.
B) -5.0.
C) 2.0.
D) 5.0.
E) 0.50.

In Russia,as Per Capita Income Rises from $1,980 to $2,020,everything