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    "meta_title": "[Solved] Suppose the income elasticity of demand f | SolutionInn",
    "meta_description": "Answer of - Suppose the income elasticity of demand for toys is -0.6. This means that a 5 percent increase in income will decrease | SolutionInn",
    "meta_keywords": "income,elasticity,demand,toys,-0.6,means,5,percent,increase,will,decrease,purchase",
    "question_title_h1": "Suppose the income elasticity of demand for toys is -0.6. This means that a 5 percent increase in income will decrease the purchase of toys",
    "question_title": "Suppose the income elasticity of demand for toys is -0.6. This means",
    "question_title_for_js_snippet": "Suppose the income elasticity of demand for toys is  0 6  This means that a 5 percent increase in income will decrease the purchase of toys by 3 percent  a 5 percent increase in income will decrease the purchase of toys by 8 3 percent  a 5 percent increase in income will increase the purchase of toys by 8 3 percent  toys are a normal good  The price of season tickets to a performing arts theater decreases by 4 percent  As a result, the quantity demanded increases by 10 percent  The price elasticity of demand for season tickets is Multiple Choice 0 4  4  2 5  0 25  A consumer's weekly income is $550, and the consumer buys 9 bars of chocolate per week  When weekly income increases to $600, the consumer buys 10 bars per week  The income elasticity of demand for chocolate by this consumer is about Multiple Choice 1 82  0 83  1  1 21 ",
    "question_description": "<p>Suppose the income elasticity of demand for toys is -0.6. This means that<\/p> <ul> <li>a 5 percent increase in income will decrease the purchase of toys by 3 percent.<\/li> <li>a 5 percent increase in income will decrease the purchase of toys by 8.3 percent.<\/li> <li>a 5 percent increase in income will increase the purchase of toys by 8.3 percent.<\/li> <li>toys are a normal good.<\/li> <\/ul> <p>The price of season tickets to a performing arts theater decreases by 4 percent. As a result, the quantity demanded increases by 10 percent. The price elasticity of demand for season tickets is<\/p> <p>Multiple Choice<\/p> <ul> <li>0.4.<\/li> <li>4.<\/li> <li>2.5.<\/li> <li>0.25.<\/li> <\/ul> <p>A consumer's weekly income is $550, and the consumer buys 9 bars of chocolate per week. When weekly income increases to $600, the consumer buys 10 bars per week. The income elasticity of demand for chocolate by this consumer is about<\/p> <p>Multiple Choice<\/p> <ul> <li>1.82.<\/li> <li>0.83.<\/li> <li>1.<\/li> <li>1.21.<\/li> <\/ul>",
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