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Lauren1 Lauren1
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Posts: 4120
Rep: 12 0
9 years ago
A 10 percent increase in income has caused a 5 percent decrease in the quantity demanded. The income elasticity is
A) 0.5.
B) -0.5.
C) 2.0.
D) -2.0.
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MrDerecheMrDereche
wrote...
#1
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9 years ago
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Lauren1 Author
wrote...
#2
9 years ago
Thank you, this really, really helps Heavy Heart
wrote...
#3
9 years ago
You're welcome!
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