alfreddzade alfreddzade

14-03-2020
Mathematics

contestada

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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liepadavis liepadavis

14-03-2020

Answer:

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.

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