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insherro insherro
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7 years ago
Suppose a consumer's income increases from $30,000 to $36,000. As a result, the consumer increases her purchases of compact disks (CDs) from 25 CDs to 30 CDs. What is the consumer's income elasticity of demand for CDs?
A) 0.5
B) 1.0
C) 1.5
D) 2.0
Textbook 
Economics for Managers

Economics for Managers


Edition: 3rd
Author:
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University of Ottawa - Economics for Managers
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sofreshsofresh
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#1
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7 years ago
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Sweet Caroline
Good times never seemed so good
I've been inclined,
To believe they never would
Oh, no, no

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insherro Author
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7 years ago
Just got PERFECT on my quiz
carston
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Yesterday
This calls for a celebration Person Raising Both Hands in Celebration
mkyoungs
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2 hours ago
You make an excellent tutor!
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