Use the figure to calculate the income elasticity of demand when income increases from $25,000 to $30,000:

A) -1.0
B) -0.1818
C) 0.1818
D) -1.5
E) 1.2

Name: Use the figure to calculate the income elasticity of demand when income increases from $25,000 to $30,000: A) -1.0 B) -0.1818 C) 0.1818 D) -1.5 E) 1.2
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Question

Use the figure to calculate the income elasticity of demand when income increases from $25,000 to $30,000:

A) -1.0 
B) -0.1818 
C) 0.1818 
D) -1.5 
E) 1.2

Quizplus · Accepted Answer

The Answer of Use the figure to calculate the income elasticity of demand when income increases from $25,000 to $30,000:

A) -1.0 
B) -0.1818 
C) 0.1818 
D) -1.5 
E) 1.2

Use the Figure to Calculate the Income Elasticity of Demand