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Other Fields Homework Help Economics Topic started by: Loraine on Jun 20, 2015



Title: When income increases from $30,000 a year to $40,000 a year, the quantity demanded of weekend vacati
Post by: Loraine on Jun 20, 2015
When income increases from $30,000 a year to $40,000 a year, the quantity demanded of weekend vacations by Sara increases from 2 a year to 5 a year. For Sara, the income elasticity of demand of weekend vacations is ________ and weekend vacations are ________ good.
A) 3; a normal
B) 4.5 a normal
C) 1/3; an inferior
D) -4.5; an inferior
E) 1/3; a normal


Title: Re: When income increases from $30,000 a year to $40,000 a year, the quantity demanded of weekend va
Post by: Smoooth on Jul 27, 2015
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Title: Re: When income increases from $30,000 a year to $40,000 a year, the quantity demanded of weekend vacati
Post by: Smoooth on Aug 31, 2015
Don't mention it :-]