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
Answer:
8 cups of trail mix
Step-by-step explanation:
2 1/2 + 3 1/4 + 2 2/3= 8 5/12
Answer:
r > 17
Step-by-step explanation:
r -7> 10
Add 7 to each side
r-7+7 > 10+7
r > 17
For question 1, the formula for that is m1= 1/2(a-b). 106 being A and 62 being B. You should get m1=.5*(106-62) which equals B.22
