Answer:
Step-by-step explanation:
income elasticity of demand for the good X = % change in quantity demanded / % change in income of consumer = - 15 / 2 = - 7.50 negative since it is a decrease in demand.
and the good X is an inferior good since increase income brings about a decrease in quantity demanded of the goods compared to normal good where a decrease in income brings about decrease in quantity demanded and an increase in income brings about increase in quantity demanded.
Check picture for working out
Answer:
Step-by-step explanation:
Answer:
58
Step-by-step explanation:
Assuming the team only scored 1 point and 2 point shots, and the total number of shots is 58, and you are asking for the total amount of shots...