Try another version of this question Suppose that when income increases from $2900 to $3400 quantity demanded changes from 220 to 210. Using the mid-point elasticity approach, calculate income elasticity. Suppose that the income increases from $2900 to $3450. As a result, quantity demanded changes from 210 to 240. Based on this information you can tell that this products is: Suppose that the price of one product increases from $28 to $37. As a result, quantity demanded for another product changes from 180 to 220. Based on this information, calculate cross-price elasticity: Suppose that the price of one product increases from $23 to $38. As a result, quantity demanded for another product changes from 170 to 220. Based on this information you can tell that these two products are: Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 2: Select the best answer Box 3: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 4: Select the best answer
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity