Say that a consumer's income elasticity of demand over the relevant range is equal to 2. When she has a monthly income of $2,000, she spends $600 on food. If her monthly income rose to $4,000, how much would she spend on food?
A)$900.
B)$1200.
C)$1800.
D)$2400.

Question

Say that a consumer's income elasticity of demand over the relevant range is equal to 2. When she has a monthly income of $2,000, she spends $600 on food. If her monthly income rose to $4,000, how much would she spend on food?
A)​$900.
B)​$1200.
C)​$1800.
D)​$2400.

Quizplus · Accepted Answer

The Answer of Say that a consumer's income elasticity of demand over the relevant range is equal to 2. When she has a monthly income of $2,000, she spends $600 on food. If her monthly income rose to $4,000, how much would she spend on food?
A)​$900.
B)​$1200.
C)​$1800.
D)​$2400.

Say That a Consumer's Income Elasticity of Demand Over the Relevant