Posted by
**Z** on
.

If the income elasticity of demand is 3/4 and the interest elasticity of demand is -1/4, by what percent does money demand rise if income rises 10% and the nominal interest rises from 4% to 5%.

Thanks!

Saturday

March 25, 2017
Posted by
**Z** on
.

If the income elasticity of demand is 3/4 and the interest elasticity of demand is -1/4, by what percent does money demand rise if income rises 10% and the nominal interest rises from 4% to 5%.

Thanks!

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