The quantity demanded of good X rises from 130 to 145 units as income rises from $2,000

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The quantity demanded of good X rises from 130 to 145 units as income rises from $2,000 to $2,500 a month. What is the income elasticity of demand?

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Economics

ISBN: 978-1133561675

11th edition

Authors: Roger A. Arnold

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Question Posted: May 28, 2018 06:28 AM

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The quantity demanded of good X rises from 130 to 145 units as income rises from $2,000

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As per the question Income increases from 2000 to 2500 As a result the quantity ...View the full answer

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