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Author Question: If your income increased by 5% and the quantity of blue jeans you demanded decreased by 4%, your ... (Read 38 times)

WhattoUnderstand

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on: May 25, 2020
If your income increased by 5% and the quantity of blue jeans you demanded decreased by 4%, your income elasticity of demand for blue jeans is
◦ 0.8 and blue jeans are a normal good.
◦ -0.8 and blue jeans are an inferior good.
◦ -1.25 and blue jeans are an inferior good.
◦ 1.25 and blue jeans are a normal good.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by WhattoUnderstand on May 25, 2020

coyin

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Reply #1 on: May 25, 2020
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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WhattoUnderstand

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Reply 2 on: May 25, 2020
Thanks for the timely response, appreciate it

phuda

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Reply 3 on: Yesterday
Excellent

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