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QUESTION 5 Study table 5.1 below and answer the question that follows Table 5.1 B.-2% C.-2.5% 2020 D. -25% Average weekl
Posted: Tue Jul 05, 2022 11:26 am
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- Question 5 Study Table 5 1 Below And Answer The Question That Follows Table 5 1 B 2 C 2 5 2020 D 25 Average Weekl 1 (25.08 KiB) Viewed 11 times
QUESTION 5 Study table 5.1 below and answer the
question that follows Table 5.1 B.-2% C.-2.5% 2020 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% 2021 R7 (4 Marks) R8.75