Use the figure to calculate the income elasticity of demand when income increases from $25,000 to $30,000:
A)-0.10
B)-1.10
C)0.1818
D)0.20
E)1.10

Name: Use the figure to calculate the income elasticity of demand when income increases from $25,000 to $30,000: A)-0.10 B)-1.10 C)0.1818 D)0.20 E)1.10
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Question

Use the figure to calculate the income elasticity of demand when income increases from $25,000 to $30,000: 
A)-0.10 
B)-1.10 
C)0.1818 
D)0.20 
E)1.10

Quizplus · Accepted Answer

The Answer of Use the figure to calculate the income elasticity of demand when income increases from $25,000 to $30,000: 
A)-0.10 
B)-1.10 
C)0.1818 
D)0.20 
E)1.10

Use the Figure to Calculate the Income Elasticity of Demand