Get them from someone else or take pictures of what your teachers wrote or record the entire class with your phone
Answer:
1: 50/4 = 12.5 | 40 x 12.5 = 500 | 160 x 12.5 = 2000 | 200 x 12.5 = 2500
2: 12.5
3: 750
4: 56 x 12.5 = 700, answer is 56
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.