According to a survey by the U.S. Bureau of Labor Statistics, which of the following statements about annual U.S. household consumer expenditures is false?
A) The income elasticity of demand for entertainment is positive.
B) The income elasticity of demand for owner-occupied housing is positive.
C) The income elasticity of demand for rental housing is positive.
D) The income elasticity of demand for health care is positive.
E) Average family expenditures increase with income.
Correct Answer:
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