Question: The demand function for bicycles in Holland is Q = 2,000 -5.5PRICE + 15INCOME. If PRICE = 100 and INC = 10, what is the

The demand function for bicycles in Holland is Q = 2,000 -5.5*PRICE + 15*INCOME. If PRICE = 100 and INC = 10, what is the income elasticity of demand? Report your elasticity to decimal places, for example, if Ei = 1.263, report 1.26. Round up if necessary.

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Question: The demand function for bicycles in Holland is Q = 2,000 -5.5*PRICE + 15*INCOME. If PRICE = 100 and INC = 10, what is the

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Question: The demand function for bicycles in Holland is Q = 2,000 -5.5PRICE + 15INCOME. If PRICE = 100 and INC = 10, what is the