Explain the nature of the goods

Reference no: EM132779802

Question: When Andrea's income decreased from $210 to $170 a week, she increased her demand for concert tickets by 25 percent and decreased her demand for bus rides by 10 percent. Calculate Andrea's income elasticity of demand for

(a) concert tickets, and

(b) bus rides

Explain the nature of the goods

Reference no: EM132779802

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