What is the rate of change of these products

Reference no: EM133287291

Question: Determine how the demand of five basic commodities of your choice vary according to the income of a household. , consider the following: 1. For what income are the demands of these commodities changing the most? 2. For what income are their variations the least? 3. What commodities (from the ones you chose) have been impacted the most by inflation in the last three years? 4. What is the rate of change of these products with respect to the income? 5. In the light of your results above, to whom would you say that the impact of inflation is greater?

Reference no: EM133287291

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