Which product would exhibit the least amount of variation in sales in response to changes in consumer income?

Suppose that you are a product manager in charge of planning production of three products in var Show more Suppose that you are a product manager in charge of planning production of three products in various countries around the world. The table below contains information on the income elasticity of the three products. Product Income Elasticity X 0.20 Y 1.40 Z -1.20 6.2. Which product would exhibit the least amount of variation in sales in response to changes in consumer income? A. Z B. Y C. X Which product would you plan to produce more of if consumer income in the target country were decreasing by 5%? A. Y B. X C. Z A. Y B. X C. Z A. Y B. X C. Z A. Z B. Y C. X Which product would you plan to produce more of if consumer income in the target country were decreasing by 5%? A. Y B. X C. Z A. Y B. X C. Z A. Y B. X C. Z A. Z B. Y C. X Which product would you plan to produce more of if consumer income in the target country were decreasing by 5%? A. Y B. X C. Z A. Y B. X C. Z A. Y B. X C. Z Show less

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