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:
k = 33
Step-by-step explanation:
33 ÷ -11 = -3
SIMPLE DIVISION lol
Not exactly sure but I think it's 74.2
Answer:
I don’t understand what you are asking
Step-by-step explanation:
Divides el (1/2) q es 2 pq 2*1=2 y después multiplicas 2*2=4 entonces la respuesta es 4 y es base creo
