When Alex's income increased from $7.000 to $9.000, he increased his consumption of bagels from 5 to 9 a month and decreased his consumption of donuts from 15 to 9 a month. Calculate Alex's income elasticity of demand for bagels and donuts. >>> Answer to 2 decimal places. >>> If your answer is negative, include a minus sign. If your answer is positive, do not include a plus sign. Alex's income elasticity of demand for bagels is

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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When​ Alex's income increased from
​$7,000
to
​$9,000​,
he increased his consumption of bagels from
5
to
9
a month and decreased his consumption of donuts from
15
to
9
a month.
 
Calculate​ Alex's income elasticity of demand for bagels and donuts.
 
​>>> Answer to 2 decimal places.
   
​>>> If your answer is​ negative, include a minus sign. If your answer is​ positive, do not include a plus sign.
 
​Alex's income elasticity of demand for bagels is?
Alex's income elasticity of demand for donuts is?
4.2 Additional Problem 19
Question H
When Alex's income increased from $7,000 to $9,000, he increased his consumption of bagels from 5 to 9 a month and decreased his consumption of donuts from 15 to 9 a month.
Calculate Alex's income elasticity of demand for bagels and donuts.
>>> Answer to 2 decimal places.
>>> If your answer is negative, include a minus sign. If your answer is positive, do not include a plus sign.
Alex's income elasticity of demand for bagels is
Transcribed Image Text:4.2 Additional Problem 19 Question H When Alex's income increased from $7,000 to $9,000, he increased his consumption of bagels from 5 to 9 a month and decreased his consumption of donuts from 15 to 9 a month. Calculate Alex's income elasticity of demand for bagels and donuts. >>> Answer to 2 decimal places. >>> If your answer is negative, include a minus sign. If your answer is positive, do not include a plus sign. Alex's income elasticity of demand for bagels is
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