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Lauren1 Lauren1
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Posts: 4120
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9 years ago
If when income increases by 2 percent and the price does not change, the quantity of airplane travel demanded increases by 6 percent, then the income elasticity of demand of airplane travel is ________.
A) 0.33
B) 0
C) negative
D) 3.00
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MrDerecheMrDereche
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#1
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Posts: 4095
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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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