Suppose the demand for roses increases from 500 to 600 stems when income rises from $10,000 to $20,000. Income elasticity for roses is:
A) 0.27.
B) 3.6.
C) 0.02.
D) 2.

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The Answer of Suppose the demand for roses increases from 500 to 600 stems when income rises from $10,000 to $20,000. Income elasticity for roses is:
A) 0.27.
B) 3.6.
C) 0.02.
D) 2.

Suppose the Demand for Roses Increases from 500 to 600