Quesiton when judys income increased from 130 to 170 a week, Ask an Expert

Economics

Quesiton: When Judy's income increased from $130 to $170 a week, she increased her demand for concert tickets by 15 percent and decreased her demand for bus rides by 10 percent. Calculate Judy's income elasticity of demand for

(a) concert tickets and

(b) bus rides.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M93100905

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