When the income level of consumers in a certain region increased by 20%, their demand for...
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When the income level of consumers in a certain region increased by 20%, their demand for electricity increased from 25 000 watts to 30 000 watts per month. The income elasticity of electricity in this region is equal to ... Select one: a. 20. O b. 0,83. O c. 250. O d. 1. When the income level of consumers in a certain region increased by 20%, their demand for electricity increased from 25 000 watts to 30 000 watts per month. The income elasticity of electricity in this region is equal to ... Select one: a. 20. O b. 0,83. O c. 250. O d. 1.
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