# In the competitive market model, if the income elasticity of demand for a commodity is 07,...

###### Question:

In the competitive market model, if the income elasticity of demand for a commodity is 07, a fall in consumers' incomes of 10% will: (a) shift the demand curve for the commodity to the right X (b) shift the demand curve for the commodity to the left (c) reduce the quantity demanded by 7% (d) reduce the quantity demanded by 07%

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