If your purchases of shoes decrease from 11 pairs per year to 9 pairs per year when your income increases from $19,000 to $21,000 a year, then your income elasticity of demand for shoes is.
A) -2.
B) -0.67.
C) 0.67.
D) 2.

Question

Quizplus · Accepted Answer

The Answer of If your purchases of shoes decrease from 11 pairs per year to 9 pairs per year when your income increases from $19,000 to $21,000 a year, then your income elasticity of demand for shoes is.
A) -2.
B) -0.67.
C) 0.67.
D) 2.

If Your Purchases of Shoes Decrease from 11 Pairs Per