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Lauren1 Lauren1
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Posts: 4120
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10 years ago
Joan's income has just risen from $940 per week to $1,060 per week. As a result, she decides to purchase 12 percent more lettuce per week. The income elasticity of Joan's demand for lettuce is
A) 0.75.
B) 0.90.
C) 1.00.
D) 1.33.
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MrDerecheMrDereche
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#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!
wrote...
#4
3 years ago
good
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