A 10 per cent increase in income increases the quantity of apple juice demanded from gallons. The income elasticity of demand for apple juice is, approximately.

Question

asked Oct 1, 2021 206k views

1 Answer

Veno · Answer 1 · 2021-10-04T18:26:43+0000

Answer:

The demand of apple juice is not elastic.

Explanation:

The reason is because this product can be replaced with alternative juices, which means if the price rises nobody would buy it.