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Title: The increase in the demand for widgets, shown in the figure above, is the result Post by: Lauren1 on Nov 11, 2014 The increase in the demand for widgets, shown in the figure above, is the result of an increase in people's incomes from $28,500 per year to $31,500 per year. Therefore, the income elasticity of demand for widgets is
A) 0.25. B) 0.75. C) 1.33. D) 4.00. Title: Re: The increase in the demand for widgets, shown in the figure above, is the result Post by: MrDereche on Nov 14, 2014 Content hidden
Title: Re: The increase in the demand for widgets, shown in the figure above, is the result Post by: Lauren1 on Nov 17, 2014 Thank you, this really, really helps :heart:
Title: Re: The increase in the demand for widgets, shown in the figure above, is the result Post by: MrDereche on Nov 17, 2014 You're welcome!
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