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Author Question: If per capita income increases by 10% and household expenditure on fur coats increases by 15%, one ... (Read 12 times)

tashina2013

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on: Oct 12, 2022

Question 1

When the percentage change in quantity demanded is less than the percentage change in price that brought it about, demand is said to be
◦ unelastic.
◦ elastic.
◦ unit elastic.
◦ inelastic.
◦ zero elastic.

Question 2

If per capita income increases by 10% and household expenditure on fur coats increases by 15%, one can conclude that the price elasticity of demand for fur coats is
◦ positive.
◦ elastic.
◦ unity.
◦ inelastic.
◦ not determinable from the information given.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by tashina2013 on Oct 12, 2022

Preeti

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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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tashina2013

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

covalentbond

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Reply 3 on: Yesterday
Wow, this really help

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