Elucidate how income changes along demand curve

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Q. elucidate how income changes along demand curve and why a local builder seeking to maximize income on a small site would be interested in elasticity of demand?

Q. Cost of a bond with no expiration date is $1000 and fixed yearly interest payment is $100. If cost of bond falls to $800 interest rate to a new buyer of bond is now 8.5 percent.

Reference no: EM1367205

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Elucidate how income changes along demand curve : elucidate how income changes along demand curve and why a local builder seeking to maximize income on a small site would be interested in elasticity of demand.

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