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Author Question: A 10 percent increase in income has caused a 5 percent decrease in the quantity demanded. The income ... (Read 101 times)

a0266361136

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on: Jun 29, 2018
A 10 percent increase in income has caused a 5 percent decrease in the quantity demanded. The income elasticity is
 
  A) 0.5.
  B) -0.5.
  C) 2.0.
  D) -2.0.

Question 2

To two hunters, a deer running in a forest is
 
  A) nonrival and nonexcludable.
  B) nonrival and excludable.
  C) rival and nonexcludable.
  D) rival and excludable.


ky860224

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


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