Question Description
Suppose a consumer s income increases from Rs. 30,000 to Rs. 36,000. As a result, the consumer increases her purchases of compact discs (CDs) from 25 CDs to 30 CDs. What is the consumers income elasticity of demand for CDs?a)0.5b)1.0c)1.5d)2.0Correct answer is option 'B'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Suppose a consumer s income increases from Rs. 30,000 to Rs. 36,000. As a result, the consumer increases her purchases of compact discs (CDs) from 25 CDs to 30 CDs. What is the consumers income elasticity of demand for CDs?a)0.5b)1.0c)1.5d)2.0Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Suppose a consumer s income increases from Rs. 30,000 to Rs. 36,000. As a result, the consumer increases her purchases of compact discs (CDs) from 25 CDs to 30 CDs. What is the consumers income elasticity of demand for CDs?a)0.5b)1.0c)1.5d)2.0Correct answer is option 'B'. Can you explain this answer?.

Solutions for Suppose a consumer s income increases from Rs. 30,000 to Rs. 36,000. As a result, the consumer increases her purchases of compact discs (CDs) from 25 CDs to 30 CDs. What is the consumers income elasticity of demand for CDs?a)0.5b)1.0c)1.5d)2.0Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.

Here you can find the meaning of Suppose a consumer s income increases from Rs. 30,000 to Rs. 36,000. As a result, the consumer increases her purchases of compact discs (CDs) from 25 CDs to 30 CDs. What is the consumers income elasticity of demand for CDs?a)0.5b)1.0c)1.5d)2.0Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Suppose a consumer s income increases from Rs. 30,000 to Rs. 36,000. As a result, the consumer increases her purchases of compact discs (CDs) from 25 CDs to 30 CDs. What is the consumers income elasticity of demand for CDs?a)0.5b)1.0c)1.5d)2.0Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Suppose a consumer s income increases from Rs. 30,000 to Rs. 36,000. As a result, the consumer increases her purchases of compact discs (CDs) from 25 CDs to 30 CDs. What is the consumers income elasticity of demand for CDs?a)0.5b)1.0c)1.5d)2.0Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Suppose a consumer s income increases from Rs. 30,000 to Rs. 36,000. As a result, the consumer increases her purchases of compact discs (CDs) from 25 CDs to 30 CDs. What is the consumers income elasticity of demand for CDs?a)0.5b)1.0c)1.5d)2.0Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Suppose a consumer s income increases from Rs. 30,000 to Rs. 36,000. As a result, the consumer increases her purchases of compact discs (CDs) from 25 CDs to 30 CDs. What is the consumers income elasticity of demand for CDs?a)0.5b)1.0c)1.5d)2.0Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice CA Foundation tests.