The quantity demanded for cars monthly is shown in the table below:
Demand for Cars
Price (dollars) Quantity of Cars Demanded
(thousands of cars)
23,000 600
21,000 620
19,000 640
17,000 660
15,000 680
An increase in income increases the quantity demanded by 10% at every price, what is the new monthly quantity demanded for cars (in thousands of cars) ?
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Home » Business » The quantity demanded for cars monthly is shown in the table below: Demand for Cars Price (dollars) Quantity of Cars Demanded (thousands of cars) 23,000 600 21,000 620 19,000 640 17,000 660 15,000 680 An increase in income increases the quantity