Joan's income has just risen from $940 per week to $1,060 per week. As a result, she decides to purchase 12 per cent more lettuce per week. The income elasticity of Joan's demand for lettuce is
A) 1.00.
B) 1.33.
C) 0.75.
D) 0.90.

Question

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The Answer of Joan's income has just risen from $940 per week to $1,060 per week. As a result, she decides to purchase 12 per cent more lettuce per week. The income elasticity of Joan's demand for lettuce is
A) 1.00.
B) 1.33.
C) 0.75.
D) 0.90.

Joan's Income Has Just Risen from $940 Per Week to $1,060