Consider the following data for a hypothetical economy.
TABLE 4-4
-Refer to Table 4-4.The income elasticity of demand for transit passes in this economy is
A)0.4.
B)0.5.
C)2.5.
D)2.5%.
E)3.0%.

Question

Consider the following data for a hypothetical economy.
  TABLE 4-4
-Refer to Table 4-4.The income elasticity of demand for transit passes in this economy is
A)0.4. 
B)0.5. 
C)2.5. 
D)2.5%. 
E)3.0%.

Quizplus · Accepted Answer

The Answer of Consider the following data for a hypothetical economy.
  TABLE 4-4
-Refer to Table 4-4.The income elasticity of demand for transit passes in this economy is
A)0.4. 
B)0.5. 
C)2.5. 
D)2.5%. 
E)3.0%.

Consider the Following Data for a Hypothetical Economy