Top Posters
Since Sunday
r
5
m
5
h
5
r
5
t
5
B
5
P
5
s
5
m
5
c
5
c
4
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
ticktrader ticktrader
wrote...
Go to Answer
Posts: 136
Rep: 0 0
8 months ago

If Jack bought 21 DVDs last year when his income was $30,000 and he buys 23 DVDs this year when his income is $35,000, then his income elasticity of demand is ______________ which means that DVDs are a(n) ______________ good for Jack.



▸

+1.69; normal



▸

-1.69; inferior



▸

+0.59; normal



▸

+0.59; inferior



▸

-0.44; inferior

Textbook 
Economics

Economics


Edition: 12th
Author:
Read 48 times
1 Reply
Replies
Answer verified by a subject expert
yoyoguyyoyoguy
wrote...
#1
Posts: 138
Rep: 0 0
8 months ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

ticktrader Author
wrote...

8 months ago
Helped a lot
Loruiz15
wrote...

Yesterday
Correct Slight Smile TY
kh540941
wrote...

2 hours ago
This calls for a celebration Person Raising Both Hands in Celebration
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  803 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 271
  
 262
  
 116
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 379
Previous poll results: Which industry do you think artificial intelligence (AI) will impact the most?