7. When Haitham and Mohammed were students at Sultan Qaboos University they each 20 ate ten Yalafels per week. Their income at that time was OMR 0 each per week. After graduating, both of them found jobs and their incomes have increased ten times. 200 Haitham still enjoys falafels very, mych and buys even more, but Mohammed plans to buy fewer falafels in favour of foods he prefersOmore. When looking at income O elasticity of demand for falafels: a. Haitham's would be negative and Mohammed's would be positive Haitham's would be positive and Mohammed's would be negative c. Haitham's would be zero and Mohammed's would approach infinity d. Haitham's would approach infinity and Mohammed's would be zero

7. When Haitham and Mohammed were students at Sultan Qaboos University they each 20 ate ten Yalafels per week. Their income at that time was OMR 0 each per week. After graduating, both of them found jobs and their incomes have increased ten times. 200 Haitham still enjoys falafels very, mych and buys even more, but Mohammed plans to buy fewer falafels in favour of foods he prefersOmore. When looking at income O elasticity of demand for falafels: a. Haitham's would be negative and Mohammed's would be positive Haitham's would be positive and Mohammed's would be negative c. Haitham's would be zero and Mohammed's would approach infinity d. Haitham's would approach infinity and Mohammed's would be zero

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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