If an individual is spending his entire income on two items A and B in the ratio of 60:40. If income elasticity of A is 5 what is income elasticity of B (a) 4 ; (b) 2 ; (c) 5 ; (d) 1

If an individual is spending his entire income on two items A and B in the ratio of 60:40. If income elasticity of A is 5 what is income elasticity of B (a) 4 ; (b) 2 ; (c) 5 ; (d) 1
by

1 Answer

Answer :

 (c) 5 ;
by

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