A local kayak outfitter has been looking over the latest data from the Census, which reported that income in the area where the outfitter is based has increased by 20%. If the outfitter then tells you that her sales increased by 10%, what would be the income elasticity of demand and how would you interpret it? EY = 2; for a 1% increase in income, the outfitter can expect to see a 2% increase in her sales. EY = 0.5; for a 1% increase in income, the outfitter can expect to see a 2% increase in her sales. EY = 0.5; for a 1% increase in income, the outfitter can expect to see a 0.5% increase in her sales. EY = 2; for a 1% increase in income, the outfitter can expect to see a 0.5% increase in her sales.

The correct answer for the above question is (d) the additional benefit from consuming one more unit;

The answer is decreased

In the 10th grade, i was teamed up in a group of four. our project was on modern history. altho it seemed super hard for many of us. patrick fleming  took charge and showed us the understanding of this project.  his leadership showed great ethics and it taught me, personally, how to others understand, not just to show them, but explain it thoroughly. and altho he was a great teacher i would have changed a few things. one being his attitude. many times he would get frustrated and impatient with the group.  i think  a leader i would have done exactly  what he did but with much more patience and be there more to explain. such as lunch  learning. and giving everybody a chance to try to explain it in their  head.