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