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
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
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F45ce01e9-7811-4cfa-9675-7040aaaca030%2F0035276f-2991-4ddf-ac03-3092d87c91b7%2Fysqu5or_processed.png&w=3840&q=75)
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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