Top Posters
Since Sunday
5
o
5
4
m
4
b
4
x
4
a
4
l
4
t
4
S
4
m
3
s
3
New Topic  
djsmyers djsmyers
wrote...
Posts: 764
Rep: 5 0
6 years ago
Jerry spends his entire income on two goods, Bran and Tea. Every month he spends half of his income on each of these goods. Jerry's income elasticity of demand for Bran is .75. What is the income elasticity of demand for Tea?
A) 1.25
B) .75
C) 1
D) Unknown with the information provided
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
Read 96 times
1 Reply
Replies
Answer verified by a subject expert
unExpectedunExpected
wrote...
Posts: 266
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1
* Majoring in business & math

Related Topics

djsmyers Author
wrote...

6 years ago
Brilliant
wrote...

Yesterday
Correct Slight Smile TY
wrote...

2 hours ago
This calls for a celebration Person Raising Both Hands in Celebration
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1106 People Browsing
Related Images
  
 231
  
 239
  
 283
Your Opinion
Where do you get your textbooks?
Votes: 284