ANS: E 54. The demand for voice mail is Q 0 1,000-150P 0 201. Assume that per capita disposable income I is $900. At a
ANS: E 54. The demand for voice mail is Q 0 1,000-150P 0 201. Assume that per capita disposable income I is $900. At a price P of $40, the income elasticity of demand is a 2. b. 4. C. 1.0. d. 20. e. 1.38. ANS: E
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