- CFA Exams
- CFA Level I Exam
- Topic 2. Economics
- Learning Module 8. Topics in Demand and Supply Analysis
- Subject 2. Elasticities of Demand
CFA Practice Question
Which one would have the highest income elasticity?
B. Potatoes
C. Vacation in Hawaii
A. Gasoline
B. Potatoes
C. Vacation in Hawaii
Correct Answer: C
Luxuries typically have high income elasticities.
User Contributed Comments 2
| User | Comment |
|---|---|
| choas69 | moms spaghetti |
| khalifa92 | spaghetti monster god |