Top Posters
Since Sunday
14
6
m
5
M
5
n
5
b
5
j
4
o
4
c
4
b
4
u
4
b
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
Loraine Loraine
wrote...
Go to Answer
Posts: 4563
Rep: 33 0
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:
Read 204 times
1 Reply
Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
Replies
Answer verified by a subject expert
SydnieSydnie
wrote...
#1
Top Poster
Posts: 3807
Rep: 458 1
8 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
B
1

Related Topics

Loraine Author
wrote...

8 years ago
Helped a lot
jamiebonf99
wrote...

Yesterday
This calls for a celebration Person Raising Both Hands in Celebration
ofsuahasiufhoas
wrote...

2 hours ago
You make an excellent tutor!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  674 People Browsing
 187 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 245
  
 278
  
 288
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 39
Previous poll results: Which country would you like to visit for its food?