Use the Following to Answer Question 329 -(Table: Prices,Quantity Demanded,and Income for Jeremy)Use Table: Prices,Quantity Demanded,and Income
Use the following to answer question 329:
-(Table: Prices,Quantity Demanded,and Income for Jeremy) Use Table: Prices,Quantity Demanded,and Income for Jeremy.Between the 2 years listed,by the midpoint method,Jeremy's income elasticity of demand for coffee equals _____ and doughnuts are a(n) _____ good.
A) 0.20;inferior
B) 2;normal
C) 2;inferior
D) 0.20;normal
Correct Answer:
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