Respuesta :
Answer:
c. boats
Explanation:
Income elasticity of demand measures how quantity demanded responds to changes in price.
Goods that are considered necessities usually have the lowest income elasticity of demand. Therefore, the income elasticity of demand for doctors visits and natural gas would be relatively low.
The income elasticity of demand for luxury goods are usually high. Therefore, the income elasticity for boats would be high.
Goods whose price is small compared to income would have a low income elascitiy. Therefore, the income elasticity for hamburgers would be low.
I hope my answer helps you.
The response of a product varies to elasticity, boats will have the highest income elasticity of demand.
What is elasticity of demand?
It is used to measure how the quantity of goods demanded will respond to a change in price of a commodity.
Such that an increase in price will reduce the quantity demanded.
A product that is not really in use will respond the highest to elasticity of demand.
Therefore, boats will have the highest income elasticity of demand.
Learn more on elasticity of demand here,
https://brainly.com/question/24384825
