If Cassandra Bought 12 Blouses Last Year When Her Income

question 181

Multiple Choice

If Cassandra bought 12 blouses last year when her income was $55,000 and she buys 10 blouses this year when her income is $49,000,then her income elasticity of demand is

• A) -1.58.
• B) +1.58.
• C) -0.63.
• D) +0.63.
• E) -2.33.

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Extended Family Unit

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