When the consumer spends over 50% of her income on a good, demand will be
A) elastic.
B) unit-elastic.
C) inelastic.
D) elastic, unit-elastic or inelastic depending upon supply.

Question

Quizplus · Accepted Answer

The Answer of When the consumer spends over 50% of her income on a good, demand will be
A) elastic.
B) unit-elastic.
C) inelastic.
D) elastic, unit-elastic or inelastic depending upon supply.

When the Consumer Spends Over 50% of Her Income on a Good