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nakungth nakungth
wrote...
Posts: 1175
Rep: 3 0
6 years ago
Suppose the demand for gourmet coffee can be represented by a linear demand curve.  At the prevailing market price the income elasticity of demand for gourmet coffee is 2.  When income rises the demand curve for gourmet coffee:
A) becomes less elastic at every price.
B) becomes less elastic at the price that prevailed before the change in income
C) becomes more elastic at every price
D) becomes more elastic at the price that prevailed before the change in income
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
Read 160 times
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Replies
wrote...
6 years ago
A
nakungth Author
wrote...
5 years ago
Thank you!
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