The Demand for Voice Mail Is Q = 1,000 -

question 83

Multiple Choice

The demand for voice mail is Q = 1,000 - 150P + 25I.Assume that per capita disposable income I is $900.At a price P of $50, the income elasticity of demand is

• A)1.0.
• B)5.
• C)2.50.
• D)25.
• E)1.41.

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