Use the table below to answer the following questions.
Table 4.2.2

-Refer to Table 4.2.2. The income elasticity of demand for Jolt is
A)+0.67.
B)-0.67.
C)+1.5.
D)-1.5.
E)It cannot be calculated because the price of Coke is not constant.

Question

Use the table below to answer the following questions.
Table 4.2.2
 
-Refer to Table 4.2.2. The income elasticity of demand for Jolt is
A)+0.67. 
B)-0.67. 
C)+1.5. 
D)-1.5. 
E)It cannot be calculated because the price of Coke is not constant.

Quizplus · Accepted Answer

The Answer of Use the table below to answer the following questions.
Table 4.2.2
 
-Refer to Table 4.2.2. The income elasticity of demand for Jolt is
A)+0.67. 
B)-0.67. 
C)+1.5. 
D)-1.5. 
E)It cannot be calculated because the price of Coke is not constant.

Use the Table Below to Answer the Following Questions