If quantity of a good demanded increases from 200 to 250 then the average income of the population increases from Rs. 20,000 to Rs. 30,000, find Arc Income elasticity of demand?

1
1.45
2
0.55
3
2
4
1.25

Sponsored

hivanix.in

Visit

This quiz is brought to you by hivanix.in

🌐 Web App Development

Quick Navigation