Question
Delilah's income rises by 8%. She decides to increase the number of movie tickets she purchases by 20%. Her income elasticity of demand for movie
Delilah's income rises by 8%. She decides to increase the number of movie tickets she purchases by 20%. Her income elasticity of demand for movie tickets is ______ and movie tickets are a(n) ______ good.
a 0.4; inferior
b 0.8; normal
c -2.5; inferior
d 2.5; normal
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Modern Engineering Mathematics
Authors: Glyn James
6th Edition
1292253495, 9781292253497
