Suppose that seths income increases from 400 to 500 per
Suppose that Seth's income increases from $400 to $500 per week, causing Seth to increase his purchases of movies from 3 to 4. The income elasticity of movies is:
A. 1.00.
B. 1.33.
C. 0.75.
D. 0.25.
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suppose that seths income increases from 400 to 500 per week causing seth to increase his purchases of movies from 3 to
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