What would be the effect of a 2 percent increase in income

Reference no: EM13243873

the price of elasticity of demand for tvs in canada is 1.2 and the income elasticity of demand for automobiles is 3. What would the effect of a 3 percent decline in tv prices on thequantity of tvs demanded. what would be the effect of a 2 percent increase in income?

Reference no: EM13243873

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