Normal or inferior good
Question # 00766817
Posted By:
Updated on: 06/24/2020 09:17 AM Due on: 06/29/2020
Sylvia's annual salary increases from $100,500 to $109,500, and she decides to increase the number of vacations she takes per year from 3 to 4. Calculate her income elasticity of demand for vacations.
Normal or Inferior good?
Elastic or Inelastic?
-
Rating:
/5
