Your income rises from $1,000 a year to $10,000 and your purchases of beer increase from 10 to 20.What number below most closely approximates your income elasticity over this range?

Question

Quizplus · Accepted Answer

The Answer of Your income rises from $1,000 a year to $10,000 and your purchases of beer increase from 10 to 20.What number below most closely approximates your income elasticity over this range?

Your Income Rises from $1,000 a Year to $10,000 and Your