8/10, 80/100/ 16/20 so on and so on
The income elasticity for the household is -1.05.
<h3>What is the income elasticity?</h3>
Income elasticity measures how quantity demanded changes when there is a change in the income of a person / household
Income elasticity = percentage change in quantity demanded / percentage change in income
- percentage change in income = (3000 / 2500) - 1 = 0.2 = 20%
- percentage change in quantity demanded =( 150 /190) - 1 = -0.21 = -21%
Income elasticity = -21% / 20 = -1.05
To learn more about income elasticity, please check: brainly.com/question/15313354
#SPJ1
The answer is D). Hope I was able to help
26 yards.
If you graph this you’ll see that the rectangle is a 5 x 8, so add up all the sides (2[5+8]) to get 26
Answer:
Step-by-step explanation:
(simplify)
(Add 3 to both sides)
(simplify)
(Multiply both sides by p)
(Multiply both sides by 2)
(Divide both sides by 7)
