If your annual income rose by 10 percent and you increased your purchases of shoes from 2 pairs to 3 pairs each year, then your demand for shoes is
A) income inelastic and equal to 0.50.
B) income elastic and equal to 1.50.
C) income inelastic.
D) income elastic.

Question

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The Answer of If your annual income rose by 10 percent and you increased your purchases of shoes from 2 pairs to 3 pairs each year, then your demand for shoes is
A) income inelastic and equal to 0.50.
B) income elastic and equal to 1.50.
C) income inelastic.
D) income elastic.

If Your Annual Income Rose by 10 Percent and You