If your income goes up by 10% and you increase your pedicures by 5%,then your demand for pedicures is _______.
A)income elastic
B)income inelastic
C)income unit elastic

Question

Quizplus · Accepted Answer

The demand for pedicures is income inelastic because the percentage increase in demand (5%) is less than the percentage increase in income (10%). This indicates that pedicures are a necessity or a less luxury good, as consumption increases by a smaller proportion than income.

If Your Income Goes Up by 10% and You Increase