Try another version of these questions Suppose that when income increases from $2500 to $3100 quantity demanded changes from 190 to 200. 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 $2600 to $3150. As a result, quantity demanded changes from 200 to 260. 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 $10 to $36. As a result, quantity demanded for another product changes from 210 to 180. 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 $29 to $50. As a result, quantity demanded for another product changes from 200 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