.flyou know that Linda's consumption of potatoes fell from 200 pounds a year to 150 pounds a year when her income went up from $50,000 to $60,000 a year, you are able to calculate Linda's incomeelasticity of demand for potatoes. What is it? What do economists call this kind of a good?

Principles of Economics 2e
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Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter5: Elasticity
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fl you know that Linda's consumption of potatoes fell from 200 pounds a year to 150 pounds a year when her income
went up from $50,000 to $60,000 a year, you are able to calculate Linda's incomeelasticity of demand for potatoes.
What is it? What do economists call this kind of a good?
Transcribed Image Text:fl you know that Linda's consumption of potatoes fell from 200 pounds a year to 150 pounds a year when her income went up from $50,000 to $60,000 a year, you are able to calculate Linda's incomeelasticity of demand for potatoes. What is it? What do economists call this kind of a good?
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