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6. Engel's Law suggests that as income increases, the proportion of that income spent on food decreases and the proportion spent on luxuries increases. Along the border has the percentage of total sales accounted for by food decreased since 1990?

6. Engel's Law suggests that as income increases, the proportion of that income spent on food decreases and the proportion spent on luxuries increases. Along the border has the percentage of total sales accounted for by food decreased since 1990?

Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter6: Consumer Choices
Section: Chapter Questions
Problem 17P: If a 10 decrease in the price of one product that you buy causes an 8 increase in quantity demanded...
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Data Appendix 2 Border Retail Data Brownsville Year Grocery Stores 1990 $163,372,594 1991 $176,632,858 1992 $193,973,677 1993 $218,360,679 1994 $218,368,785 1995 $190,065,426 1996 $194,621,340 1997 $198,052,820 1998 $204,393,770 1999 $222,024,882 2000 $245,836,986 Laredo Year Grocery Stores 1990 $195,153,371 1991 $218,207,089 1992 $269,264,764 1993 $272,912,601 1994 $286,953,297 1995 $242,781,346 1996 $251,668,408 1997 $261,804,570 1998 $274,524,476 1999 $293,309,736 2000 $310,410,116 Brownsville Gross Retail Sales $756,333,755 $846,367,566 $901,092,780 $971,219,399 $1,008,565,023 $808,380,914 $868,466,443 $932,160,844 $990,177,858 $1,089,288,443 $1,219,932,651 Laredo Gross Retail Sales $1,463,764,577 $1,664,946,817 $1,855,870,106 $1,900,524,130 $1,868,147,108 $1,245,868,449 $1,361,477,995 $1,541,188,742 $1,677,287,219 $1,841,482,166 $2,224,633,201 McAllen Grocery Stores $148,348,334 $159,705,537 $175,631,843 $186,481,180 $197,903,488 $178,840,512 $188,977,713 $189,344,148 $181,889,362 $176,103,059 $196,230,471 El Paso Grocery Stores $608,744,561 $618,630,183 $703,513,620 $713,611,220 $697,172,349 $647,970,993 $656,538,009 $654,826,400 $628,821,391 $585,380,543 $596,018,147 McAllen Gross Retail Sales $1,236,516,129 $1,448,441,965 $1,626,394,635 $1,720,150,722 $1,795,348,317 $1,492,418,058 $1,626,010,313 $1,645,098,203 $1,737,570,639 $1,961,461,537 $2,177,571,232 El Paso Gross Retail Sales $3,342,464,941 $3,500,955,001 $3,849,250,174 $4,078,474,519 $4,381,221,216 $4,249,291,267 $4,634,074,914 $4,418,173,882 $4,662,496,226 $5,211,381,859 $5,567,149,280
Transcribed Image Text:Data Appendix 2 Border Retail Data Brownsville Year Grocery Stores 1990 $163,372,594 1991 $176,632,858 1992 $193,973,677 1993 $218,360,679 1994 $218,368,785 1995 $190,065,426 1996 $194,621,340 1997 $198,052,820 1998 $204,393,770 1999 $222,024,882 2000 $245,836,986 Laredo Year Grocery Stores 1990 $195,153,371 1991 $218,207,089 1992 $269,264,764 1993 $272,912,601 1994 $286,953,297 1995 $242,781,346 1996 $251,668,408 1997 $261,804,570 1998 $274,524,476 1999 $293,309,736 2000 $310,410,116 Brownsville Gross Retail Sales $756,333,755 $846,367,566 $901,092,780 $971,219,399 $1,008,565,023 $808,380,914 $868,466,443 $932,160,844 $990,177,858 $1,089,288,443 $1,219,932,651 Laredo Gross Retail Sales $1,463,764,577 $1,664,946,817 $1,855,870,106 $1,900,524,130 $1,868,147,108 $1,245,868,449 $1,361,477,995 $1,541,188,742 $1,677,287,219 $1,841,482,166 $2,224,633,201 McAllen Grocery Stores $148,348,334 $159,705,537 $175,631,843 $186,481,180 $197,903,488 $178,840,512 $188,977,713 $189,344,148 $181,889,362 $176,103,059 $196,230,471 El Paso Grocery Stores $608,744,561 $618,630,183 $703,513,620 $713,611,220 $697,172,349 $647,970,993 $656,538,009 $654,826,400 $628,821,391 $585,380,543 $596,018,147 McAllen Gross Retail Sales $1,236,516,129 $1,448,441,965 $1,626,394,635 $1,720,150,722 $1,795,348,317 $1,492,418,058 $1,626,010,313 $1,645,098,203 $1,737,570,639 $1,961,461,537 $2,177,571,232 El Paso Gross Retail Sales $3,342,464,941 $3,500,955,001 $3,849,250,174 $4,078,474,519 $4,381,221,216 $4,249,291,267 $4,634,074,914 $4,418,173,882 $4,662,496,226 $5,211,381,859 $5,567,149,280
6. Engel's Law suggests that as income increases, the proportion of that income spent on food decreases and the proportion spent on luxuries increases. Along the border has the percentage of total sales accounted for by food decreased since 1990?
Transcribed Image Text:6. Engel's Law suggests that as income increases, the proportion of that income spent on food decreases and the proportion spent on luxuries increases. Along the border has the percentage of total sales accounted for by food decreased since 1990?
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