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Title: The income elasticity of demand for vacations is 5. If incomes increase by 3 per Post by: Lauren1 on Nov 11, 2014 The income elasticity of demand for vacations is 5. If incomes increase by 3 percent next year, the quantity of vacations demanded at today's price will increase by ________ percent.
A) 3 B) 5/3 C) 15 D) 5 Title: Re: The income elasticity of demand for vacations is 5. If incomes increase by 3 per Post by: MrDereche on Nov 14, 2014 Content hidden
Title: Re: The income elasticity of demand for vacations is 5. If incomes increase by 3 per Post by: Lauren1 on Nov 17, 2014 Thank you, this really, really helps :heart:
Title: Re: The income elasticity of demand for vacations is 5. If incomes increase by 3 per Post by: MrDereche on Nov 17, 2014 You're welcome!
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