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Author Question: When income increases from $20,000 to $30,000 the quantity of inter-city bus trips taken per year ... (Read 202 times)

aabwk4

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on: May 24, 2019
When income increases from $20,000 to $30,000 the quantity of inter-city bus trips taken per year decreases from 10 to 8. Hence
◦ inter-city bus trips are a normal good.
◦ the income elasticity of demand for inter-city bus trips is -1.8.
◦ the income elasticity of demand for inter-city bus trips is -0.56.
◦ Both answers inter-city bus trips are a normal good and the income elasticity of demand for inter-city bus trips is -1.8 are correct.
◦ Both answers inter-city bus trips are a normal good and the income elasticity of demand for inter-city bus trips is -0.56 are correct.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by aabwk4 on May 24, 2019

fromAlphatoOmega22

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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aabwk4

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Reply 2 on: May 24, 2019
Great answer, keep it coming :)

sultana.d

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Reply 3 on: Yesterday
Wow, this really help

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