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Loraine Loraine
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9 years ago
When income increases by 6 percent, the demand for potatoes decreases by 2 percent. The income elasticity of demand for potatoes equals
A) -2.00.
B) 3.00.
C) -3.00.
D) 0.33.
E) -0.33.
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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SmooothSmoooth
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9 years ago
My pleasure Happy Dummy
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