If the income elasticity for lobster is.6, a 25% increase in income will lead to a
Note
If the income elasticity for lobster is.6, a 25% increase in income will lead to a 15% increase in demand for lobster.
If the income elasticity for lobster is.6, a 25% increase in income will lead to a
If the income elasticity for lobster is.6, a 25% increase in income will lead to a 15% increase in demand for lobster.