× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
w
5
a
3
j
2
a
2
t
2
u
2
r
2
j
2
j
2
l
2
d
2
y
2
New Topic  
Llanis Llanis
wrote...
Posts: 626
Rep: 0 0
7 years ago
The market demand for wheat is Q = 100 - 2p + 1 pb + 2Y. If the price of wheat, p, is $2, and the price of barley, pb, is $3, and income, Y, is $1000, the income elasticity of wheat is
A) 2 * (1000/2099).
B) 2.
C) 1/2 * (1000/2099).
D) cannot be calculated from the information provided.
Textbook 
Microeconomics

Microeconomics


Edition: 6th
Author:
Read 85 times
1 Reply

Related Topics

Replies
wrote...
7 years ago
A
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1355 People Browsing
 220 Signed Up Today
Related Images
  
 96
  
 380
  
 269
Your Opinion
Who will win the 2024 president election?
Votes: 119
Closes: November 4