Try another version of these questions Suppose that when income increases from $2750 to $3350 quantity demanded changes from 210 to 220. Using the mid-point elasticity approach, calculate income elasticity. Hint
Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Suppose that the income increases from $2400 to $3000. As a result, quantity demanded changes from 210 to 170. Based on this information you can tell that this products is: Hint Box 1: Select the best answer Suppose that the price of one product increases from $26 to $39. As a result, quantity demanded for another product changes from 140 to 200. Based on this information, calculate cross-price elasticity: Hint Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Suppose that the price of one product increases from $17 to $41. As a result, quantity demanded for another product changes from 260 to 190. Based on this information you can tell that these two products are: Hint Box 1: Select the best answer
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity