Income elasticity of demand

label Economics
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schedule 1 Day
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 Blake eats two bags of generic potato chips each day, not buying any name brand chips. Blake\'s hourly wage increases from $8 to $15, and he decides to eat one name brand bag and one generic brand each day. Calculate Blake\'s income elasticity of demand for generic potato chips.

Oct 19th, 2017

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23/35=0.65.....................

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Jul 25th, 2015

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Oct 19th, 2017
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Oct 19th, 2017
Oct 20th, 2017
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