[Solution Library] Refer to the graph below which shows the sales of a particular brand of new car: where I represents the average annual household income
Question: Refer to the graph below which shows the sales of a particular brand of new car:
where I represents the average annual household income
- Calculate the income elasticity of this brand of new car. (3 marks)
- Identify the type of goods for this brand of car. (1 marks)
Price: $2.99
Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document 