Question
As your income changed from Income 1 to income 2, Quantity demanded for good X changed fro Q1 to Q2. Using the midpoint method, answer
As your income changed from Income 1 to income 2, Quantity demanded for good X changed fro Q1 to Q2. Using the midpoint method, answer the following:
Good X is? income elasticity of demand is?
Income1=28,000 Income2= 30,000 Q1=50 Q2=52
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Real Estate Principles A Value Approach
Authors: David C Ling, Wayne Archer
5th edition
77836367, 978-0077836368
