If consumers always spend 15 percent of their income on food, then the income elasticity of demand for food is O a. 0.15
O b. 1.00
O C. 1.15.
O d. 1.50.
O e. none of the above.

.632

step-by-step explanation:

6 * 1/10 = 3/5

3*0.01 = 0.03

3/5 + 0.03 = .63

2*0.002 = .002

.63 + 0.002 = .632

you just switch the numbers basically so it would be 3/17

“a term can be a signed number, a variable, or a constant multiplied by a + sign or j sign. in , the terms are 5x , 3y and 8. when a term is made up of a constant multiplied by a variable or variables, that constant is called a coefficient.” i hope this you.