Suppose that the quantity demanded of a product falls by 9% as incomes fall by 3%. What is the income elasticity for this good?
A) -3.00
B) -0.33
C) 0.33
D) 3.00

Name: Suppose that the quantity demanded of a product falls by 9% as incomes fall by 3%. What is the income elasticity for this good? A) -3.00 B) -0.33 C) 0.33 D) 3.00
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The Answer of Suppose that the quantity demanded of a product falls by 9% as incomes fall by 3%. What is the income elasticity for this good?
A) -3.00
B) -0.33
C) 0.33
D) 3.00

Suppose That the Quantity Demanded of a Product Falls by 9