Homework Answers
Answer
Option B
Refrigerators
The refrigerator is a luxury for some and durable for all good and the elasticity of luxury as well as durable good is elastic means the purchase decreases drastically when income decreases.
Spending budget on ink pen is tiny compare to whole expenditure so there will be no change in the consumption
Gasoline is a necessity so the decrease in income does not change much of the consumption
tomatoes is a food, as well as a small part of income, is used in it and also a necessity so it is also not change much in consumption
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