This paper circulates around the core theme of If income elasticity of demand of good X is 0.89, together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 96. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.
If income elasticity of demand of good X is 0.89, what will happen to equilibrium price if there is an increase in income of consumers. Draw a diagram to support your answer