7. Cheryl's income elasticity for good A is -2.5. Her current income is $100,000 and she normally buys 100 units of good A per year. If her income increases to $110,000 how many units of good A will she buy?
- 250.
- 75.
- 125.
- 100.
- 82.5.
Copyright © 1995-2004 OnLineTexts.com, Inc. - All Rights Reserved