a consumer spends all her income on goods x and y if a 50% interest good x does not change the amount consumed of good y what is the elasticity of demand for good x
1
Expert's answer
2014-11-25T10:02:36-0500
If consumer spends all her income on goods x and y if a 50% interest good x does not change the amount consumed of good y, the elasticity of demand for good x is Ed = 0/50% = 0, so these goods are goods that are independent.
"assignmentexpert.com" is professional group of people in Math subjects! They did assignments in very high level of mathematical modelling in the best quality. Thanks a lot
Comments