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Home Q & A Board Other Fields Homework Help Business Economics
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Loraine Loraine
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8 years ago
If the income elasticity of demand for a good is 2, then when income rises 10 percent, the quantity demanded
A) increases 2 percent.
B) increases 20 percent.
C) decreases 2 percent.
D) decreases 20 percent.
E) increases 12 percent.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SydnieSydnie
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#1
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8 years ago
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Loraine Author
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8 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
cartoon
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Yesterday
Thanks for your help!!
momochiime
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2 hours ago
Thank you, thank you, thank you!
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