Heidi spends all her income on going to the movies, regardless of her income level or the

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Heidi spends all her income on going to the movies, regardless of her income level or the price of movie passes. What is her income elasticity of demand for movie passes? What is her price elasticity of demand for movie passes?

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Microeconomics Theory and Applications

ISBN: 978-1118758878

12th edition

Authors: Edgar K. Browning, Mark A. Zupan

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Question Posted: Nov 14, 2014 08:22 AM

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Heidi spends all her income on going to the movies, regardless of her income level or the

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The income elasticity of demand is unity 1 For a given price a ...View the full answer

Microeconomics Theory and Applications

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