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Other Fields Homework Help Business Topic started by: Lauren1 on Nov 11, 2014



Title: If income increases by 2.0 percent, and quantity demanded of a good increases by
Post by: Lauren1 on Nov 11, 2014
If income increases by 2.0 percent, and quantity demanded of a good increases by 0.2 percent, the income elasticity for the good is
A) 0.22.
B) 0.002.
C) 0.10.
D) 1.00.


Title: Re: If income increases by 2.0 percent, and quantity demanded of a good increases by
Post by: MrDereche on Nov 14, 2014
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Title: Re: If income increases by 2.0 percent, and quantity demanded of a good increases by
Post by: Lauren1 on Nov 17, 2014
Thank you, this really, really helps :heart:


Title: Re: If income increases by 2.0 percent, and quantity demanded of a good increases by
Post by: MrDereche on Nov 17, 2014
You're welcome!