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pirex pirex
wrote...
Posts: 634
6 years ago
If a consumer doubles her quantity of ice cream consumed when her income rises by 25%, then her income elasticity of demand for ice cream is
A) 8.0.
B) 4.0.
C) .25.
D) .08.
Textbook 
Microeconomics

Microeconomics


Edition: 6th
Author:
Read 99 times
1 Reply
And if you call, I will answer
And if you fall, I'll pick you up
And if you court this disaster
I'll point you home
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LBCeaLBCea
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Top Poster
Posts: 1248
6 years ago
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pirex Author
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6 years ago
Helped a lot
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Just got PERFECT on my quiz
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Thanks for your help!!
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