Solved

When Her Income Increases from $10,000 to $20,000,as Shown in the Accompanying

Question 12

Multiple Choice

When her income increases from $10,000 to $20,000,as shown in the accompanying table,Juanita increases the quantity demanded from 3 to 7 rolls at a price of $3.From the midpoint method,income elasticity of demand for sushi is When her income increases from $10,000 to $20,000,as shown in the accompanying table,Juanita increases the quantity demanded from 3 to 7 rolls at a price of $3.From the midpoint method,income elasticity of demand for sushi is   A)  0.67. B)  1.20. C)  1.33. D)  0.83. E)  0.50.


A) 0.67.
B) 1.20.
C) 1.33.
D) 0.83.
E) 0.50.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions