Gerry receives a raise from 10 per hour to 12.50 per hour., Ask an Expert

Economics

Gerry receives a raise from $10 per hour to $12.50 per hour. After the raise, Gerry increase the number of channels in her cable subscription from 50 to 75,.What is Gerry's income elasticity of cable demanded?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M948957

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