Arista always spends 20 % of her income on whatzits. Assume that her income increases by some percentage while the price of whatzits remains constant (and that all whatzits cost the same). What is her income elasticity of demand for whatzits?
+4
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Arista always spends 20 % of her income on whatzits. Assume that her income increases by some percentage while the price of whatzits ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Home » Business » Arista always spends 20 % of her income on whatzits. Assume that her income increases by some percentage while the price of whatzits remains constant (and that all whatzits cost the same). What is her income elasticity of demand for whatzits?