This topic contains a solution. Click here to go to the answer

Author Question: If your income increased by 5% and the quantity of blue jeans you demanded decreased by 4%, your ... (Read 70 times)

WhattoUnderstand

  • Hero Member
  • *****
  • Posts: 517
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by WhattoUnderstand on May 25, 2020

coyin

  • Sr. Member
  • ****
  • Posts: 334
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.
Answer Preview
Only 56% of students answer this correctly




WhattoUnderstand

  • Member
  • Posts: 517
Reply 2 on: May 25, 2020
YES! Correct, THANKS for helping me on my review


bigcheese9

  • Member
  • Posts: 333
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

For a complete list of videos, visit our video library