A 10 per cent increase in income increases the quantity of apple juice demanded from

gallons. The income elasticity of demand for apple juice is, approximately.

Question

Mathematics

Judah Neal

6 December, 00:13

A 10 per cent increase in income increases the quantity of apple juice demanded from

gallons. The income elasticity of demand for apple juice is, approximately.

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Answers (1)

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Noodles · Answer 1

The demand of apple juice is not elastic.

Step-by-step explanation:

The reason is because this product can be replaced with alternative juices, which means if the price rises nobody would buy it.

A 10 per cent increase in income increases the quantity of apple juice demanded fromgallons. The income elasticity of demand for apple juice is, approximately.

A 10 per cent increase in income increases the quantity of apple juice demanded from

gallons. The income elasticity of demand for apple juice is, approximately.