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Author Question: If a consumer doubles her quantity of ice cream consumed when her income rises by 25, then her ... (Read 73 times)

Jramos095

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on: Jul 1, 2018
If a consumer doubles her quantity of ice cream consumed when her income rises by 25, then her income elasticity of demand for ice cream is
 
  A) 8.0.
  B) 4.0.
  C) .25.
  D) .08.

Question 2

Which of the following is most likely to be TRUE?
 
  A) Income elasticity of demand for fur coats exceeds that of oatmeal.
  B) Income elasticity of demand for oatmeal exceeds that of fur coats.
  C) Income elasticity of demand for fur coats equals that of oatmeal.
  D) It is not possible to make any prediction about relative income elasticities.
Microeconomics ¦ Perloff ¦ 8th Edition
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31809pancho

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Reply #1 on: Jul 1, 2018
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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Jramos095

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Reply 2 on: Jul 1, 2018
Excellent

meganmoser117

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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