Question
Income of a person is Rs.8000 and he uses 60 units of a commodity. 1.Calculate income elasticity of demand when the income increased by 30%
Income of a person is Rs.8000 and he uses 60 units of a commodity.
1.Calculate income elasticity of demand when the income increased by 30% and consumption of the good is decline by 50%.
Also calculate
2.New income
3.New consumption
Nature of good
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Strategic Human Resource Management And Employment Relations An International Perspective
Authors: A. Malik
1st Edition
9811303983, 978-9811303982
