Explain how much do you believe will be the budget share

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Reference no: EM1347528

Suppose that real consumer spending is 50, and spending on food, transport and leisure is 25, 10 and 5 respectively. Assume after 10 years real consumer spending doubles to 100. Explain how much do you believe will be the budget share of leisure

A. 5%.
B. 10%.
C. Less than 10%.
D. More than 10%.

Reference no: EM1347528

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