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Tragamin Tragamin
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6 years ago
If a 10 percent increase in income causes a 5 percent decrease in quantity demanded, what is the income elasticity of demand?
A) 0.5
B) -0.5
C) 2.0
D) -2.0
E) 1.5
Textbook 
Microeconomics for Life: Smart Choices for You

Microeconomics for Life: Smart Choices for You


Edition: 2nd
Author:
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holymanholyman
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#1
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6 years ago
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6 years ago
Thanks for your help!!
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