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After Chen's income increased from $12,000 to $16,000 per year, his purchases of CDs increased from 40 to 60 per year. Using the midpoint method,
After Chen's income increased from $12,000 to $16,000 per year, his purchases of CDs increased from 40 to 60 per year. Using the midpoint method, one decimal place, and the negative sign if necessary, his income elasticity for CDs is _____
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Economics
Authors: John Sloman, Alison Wride
7th edition
978-027372130, 273721305, 978-0273721307
