Calculate the income elasticity for a household when the income of thi

1.	Calculate the income elasticity for a household when the income of this household rises by 5% and the demand for buttons does not change at all.
Answer» Zero The INCOME elasticity for a HOUSEHOLD is Zero when the income of this household RISES by 5% and the demand for buttons does not CHANGE at all.

Calculate the income elasticity for a household when the income of this household rises by 5% and the demand for buttons does not change at all.

Answer»

Zero

The INCOME elasticity for a HOUSEHOLD is Zero when the income of this household RISES by 5% and the demand for buttons does not CHANGE at all.