Below are some data on price,income and demand for five different time periods.

-Refer to the information above to answer this question.What is the income elasticity for product Y between years 3 and 4?
A)+ 0.38.
B)+ 0.60.
C)+ 1.67.
D)+ 2.45.
E)None of the choices are correct.

Question

Below are some data on price,income and demand for five different time periods.
 
-Refer to the information above to answer this question.What is the income elasticity for product Y between years 3 and 4?
A)+ 0.38. 
B)+ 0.60. 
C)+ 1.67. 
D)+ 2.45. 
E)None of the choices are correct.

Quizplus · Accepted Answer

The Answer of Below are some data on price,income and demand for five different time periods.
 
-Refer to the information above to answer this question.What is the income elasticity for product Y between years 3 and 4?
A)+ 0.38. 
B)+ 0.60. 
C)+ 1.67. 
D)+ 2.45. 
E)None of the choices are correct.

Below Are Some Data on Price,income and Demand for Five