Thursday

April 24, 2014

April 24, 2014

Posted by **AJ** on Thursday, November 1, 2012 at 11:01am.

Price Demand1 D2 D3

50 15 10 15

35 25 15 30

20 40 20 50

D1 -Income $50k per yr, movies $9

D2 -Income $50k -movies $11

D3 -Income $70k -movies $11

Using D2, D3, calculate income elasticity of demand for golf.

McConnell, Microecon 19e

Chap 4 -Problem #7

**Related Questions**

managerial economics - Explain the relationship between product X, product Y and...

Microecon - If you are given this function: P=1000-40Q where P=price and Q=sales...

economics - suppose the demand curve for a product is given by Q=10-2P+Ps1,where...

Microecon - Hi, I've got a question about producer surplus. I know that the ...

economic - Suppose that your firm was accused of illegally conspiring with other...

Evaluating elasticity - The demand function for a certain item is x = 35(sqrt(32...

Economics - The Own price elasticity of demand for good X is -2, its income ...

IT210 - When building a house, a structured, modular approach is better than a ...

Economics - Market analysts often use cross-price elasticities to determine a ...

demand & Supply - If the demand for butter rises by 4% while the price of ...