Why might the information help to lead to the conclusion

Reference no: EM132179353

Question: The Chancellor of the Exchequer is advised that the price elasticity of demand for milk is 12 for low income groups and 023 for high income groups. Why might this information help to lead to the conclusion that milk is a suitable item to be subsidized by the government? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132179353

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