QUESTION 5 Study table 5.1 below and answer the question that follows Table 5.1 B.-2% 2020 C.-2.5% D. -25% Average weekl

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QUESTION 5 Study table 5.1 below and answer the question that follows Table 5.1 B.-2% 2020 C.-2.5% D. -25% Average weekl

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Question 5 Study Table 5 1 Below And Answer The Question That Follows Table 5 1 B 2 2020 C 2 5 D 25 Average Weekl 1
Question 5 Study Table 5 1 Below And Answer The Question That Follows Table 5 1 B 2 2020 C 2 5 D 25 Average Weekl 1 (40.36 KiB) Viewed 19 times
QUESTION 5 Study table 5.1 below and answer the question that follows Table 5.1 B.-2% 2020 C.-2.5% D. -25% Average weekly pocket money for senior primary kids Cornetto ice cream is a popular snack bought by kids in senior primary school. Cornetto's income elasticity of demand is estimated to be -0.1. Calculate the percentage change in quantity demanded for Cornetto ice cream between 2020 and 2021, ceteris paribus: A. -0.8% R7 2021 R8.75 (4 Marks)
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