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Author Question: The income elasticity of demand for education is 3.5. Thus, a 4% increase in income will (Read 68 times)

segrsyd

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on: Apr 19, 2019

The income elasticity of demand for education is 3.5. Thus, a 4% increase in income will


◦ decrease the quantity of education demanded by 3.5%.
◦ decrease the quantity of education demanded by 14%.
◦ increase the quantity of education demanded by 4%.
◦ increase the quantity of education demanded by 14%.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by segrsyd on Apr 19, 2019

Chou

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Reply #1 on: Apr 19, 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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segrsyd

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Reply #2 on: Apr 19, 2019
Thanks


Chou

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Reply #3 on: Apr 19, 2019
Welcome :)


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