Business, 28.12.2019 00:31 paaoolav

When frank's income was $100 per week, 10 units of good a were demanded. now his income is $150 per week and 12 units of good a are demanded. using the percentage change formula, the income elasticity of demand for good a equals

a. 0.40
b. 0.45
c. 2.20
d. 2.50

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When frank's income was $100 per week, 10 units of good a were demanded. now his income is $150 per...

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