Charles Purchases 20 Basketball Tickets Per Year When His Annual

question 81

Multiple Choice

Charles purchases 20 basketball tickets per year when his annual income is $50,000 and 25 basketball tickets when his annual income is $60,000.Charles's income elasticity of demand for basketball ticket is

• A)0.82,and basketball tickets are a normal good.
• B)0.82,and basketball tickets are an inferior good.
• C)1.22,and basketball tickets are a normal good.
• D)1.22,and basketball tickets are an inferior good.

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