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ticktrader ticktrader
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A year ago

If Jack bought 21 DVDs last year when his income was $30,000 and he buys 23 DVDs this year when his income is $35,000, then his income elasticity of demand is ______________ which means that DVDs are a(n) ______________ good for Jack.



▸

+1.69; normal



▸

-1.69; inferior



▸

+0.59; normal



▸

+0.59; inferior



▸

-0.44; inferior

Textbook 
Economics

Economics


Edition: 12th
Author:
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yoyoguyyoyoguy
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A year ago
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