Given the premise, is the hypothesis presenting a conflicting viewpoint? Premise: Decline in total expenditure (income) elasticity of demand from 0.36 to 0.25 over same period. Hypothesis: This decline in elasticity of demand is due to changes in trends in the market.
Decline in total expenditure (income) elasticity of demand from 0.36 to 0.25 over same period.###This decline in elasticity of demand is due to changes in trends in the market.