If income rises by 20% and the quantity demanded of an item rises by 10%, the income elasticity of demand for this item is:

Question

christinasmith2985 christinasmith2985

21-02-2022
Business

contestada

If income rises by 20% and the quantity demanded of an item rises by 10%, the income elasticity of demand for this item is:

Respuesta :

Otras preguntas

which expression is equivalent to -5 (x +10)

List from least to greatest. 0.78, 7/8, 0.83, 11/13

"it takes Santa 5 minutes to fly 35 miles with the wind. it takes him 7 minutes to go 35 miles against the wind. determine the speed of Santas sleigh in still a

can someone please help me with these 2 problems

Discuss why trade across the Sahara became possible and explore how it impacted West African empires, such as Ghana, Mali, Songhai, and Benin.

(b^4)^2 need help plz

the cup has a mass of 0.025 kg and accelerated at a rate of 5m/s. how much force is the wind exerting the cup?

Real Madrid gana el partido. Barcelona ____ el partido. a. pierde c. vuelve b. marca d. puede

I need help on this

How do headings affect meaning in a technical text? A) They distract the reader from the content of the text b) they highlight the main points in the text c) th

Martebi Martebi · Answer 1 · 2022-02-25T11:13:49+01:00

The income elasticity of demand for this item is the income elasticity is 0.4 and the good is a normal good.

What is Income Elasticity Of Demand?

Note that for good or service that has a unique Income Elasticity Of Demand, is said to change in course of time.

The Income Elasticity Of Demand is known to be to how sensitive the quantity demanded for a said good is due to the changes in income levels.

learn more about income elasticity from

https://brainly.com/question/26580369