If income increases by 2.0 percent, and quantity demanded of a good increases by

Lauren1

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If income increases by 2.0 percent, and quantity demanded of a good increases by

If income increases by 2.0 percent, and quantity demanded of a good increases by 0.2 percent, the income elasticity for the good is
A) 0.22.
B) 0.002.
C) 0.10.
D) 1.00.

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Lauren1 Author

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9 years ago

Thank you, this really, really helps Heavy Heart

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MrDereche

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9 years ago

You're welcome!

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