Very important information regarding elasticity of demand

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Reference no: EM1327298

Important information about Calculating the income elasticity of demand

"Suppose the demand function is Q=20-4*Price+10*Income, what is the income elasticity if Income=400 and Q=20?"

Answer

A. There is not enough information to answer this question

B. 200

C.1000

Reference no: EM1327298

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