Saved Bookmarks
| 1. |
The income clasity for foodin developing countries |
|
Answer» Generally, the income elasticity of food demand (i.e. the percentage change in food consumption in RESPONSE to a 1% change in income) is positive but SMALLER than 1, i.e. spending on food INCREASES LESS than proportionally with total expenditures. For poor people, food makes up an important share of household spending.hope its help youExplanation:#dynamite |
|