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Author Question: If Vicky's income increases by 8% and she increases her consumption of take-out meals by 4%, then ... (Read 40 times)

ShannenConnor

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on: Oct 12, 2022

Question 1

We can expect that the income elasticity of demand for gourmet catered meals would be ________ the income elasticity of demand for basic groceries.
◦ less than
◦ equivalent to
◦ lower than
◦ not comparable to
◦ higher than

Question 2

If Vicky's income increases by 8% and she increases her consumption of take-out meals by 4%, then her income elasticity of demand for take-out meals is
◦ -0.5.
◦ 2.0.
◦ 0.5.
◦ 4.0.
◦ -2.0.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by ShannenConnor on Oct 12, 2022

Deonnak85

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Reply #1 on: Oct 12, 2022
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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ShannenConnor

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Reply 2 on: Oct 12, 2022
Excellent

connor417

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

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