A typical consumer spends 30% of income on housing and housing is a necessity for consumers (the income elasticity for housing is 0

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A typical consumer spends 30% of income on housing and housing is a necessity for consumers (the income elasticity for housing is 0 < ξ_H < 1).What are the maximum and minimum values for the income elasticity of all other goods,ξ_O?

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The Answer of A typical consumer spends 30% of income on housing and housing is a necessity for consumers (the income elasticity for housing is 0 < ξ_H < 1).What are the maximum and minimum values for the income elasticity of all other goods,ξ_O?

A Typical Consumer Spends 30% of Income on Housing and Housing