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Question: The income elasticity of demand for pork is -0.1. If income decreases by 10 percent, what will happen to the demand for pork? O It will increase by 1 percent. O It will decrease by 1 percent. It will increase by 10 percent. O It will decrease by 10 percent.
The income elasticity of demand for pork is -0.1. If income decreases by 10 percent, what will happen to the demand for pork? O It will increase by 1 percent. O It will decrease by 1 percent. It will increase by 10 percent. O It will decrease by 10 percent.
