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jhaygood86 jhaygood86
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6 years ago
If a 5 percent increase in income causes a 10 percent increase in quantity demanded, what is the income elasticity of demand?
A) 0.5
B) -0.5
C) 2.0
D) -2.0
E) 1.5
Textbook 
Microeconomics for Life: Smart Choices for You

Microeconomics for Life: Smart Choices for You


Edition: 2nd
Author:
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martrekmartrek
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6 years ago
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jhaygood86 Author
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6 years ago
This helped my grade so much Perfect
alpheratz
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Brilliant ツ
brina10
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Correct Slight Smile TY
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