Instruction: Does the hypothesis contradict the premise? Premise: Decline in total expenditure (income) elasticity of demand from 0.36 to 0.25 over same period. Hypothesis: Economists suggest that this change is minor and therefore not noteworthy.
Decline in total expenditure (income) elasticity of demand from 0.36 to 0.25 over same period.###Economists suggest that this change is minor and therefore not noteworthy.