SlideShare a Scribd company logo
A consumer initially maximizes utility at point A with income of Y=$200 spent on coffee and
biscuits. Then, suppose income increases, shifting the budget constraint from L1 to L2, where the
consumer maximizes utility at bundle B. Using the new level of income, calculate the income
elasticity. of coffee (coffee) between bundle A and bundle B. coffee=(
Enteranumericresponseusingarealnumberroundedtotwodecimalplaces.)

More Related Content

More from info824030

Un anlisis de regresin mltiple de 3 factores A dotacin.pdf
Un anlisis de regresin mltiple de 3 factores A dotacin.pdfUn anlisis de regresin mltiple de 3 factores A dotacin.pdf
Un anlisis de regresin mltiple de 3 factores A dotacin.pdf
info824030
 
Ulusal renci Birliinin yllk toplantsna katlmak zere her y.pdf
Ulusal renci Birliinin yllk toplantsna katlmak zere her y.pdfUlusal renci Birliinin yllk toplantsna katlmak zere her y.pdf
Ulusal renci Birliinin yllk toplantsna katlmak zere her y.pdf
info824030
 
UHealth is a health insurance provider based in Australia F.pdf
UHealth is a health insurance provider based in Australia F.pdfUHealth is a health insurance provider based in Australia F.pdf
UHealth is a health insurance provider based in Australia F.pdf
info824030
 
Two genes Dumb d and Anxious a are recessive genes rou.pdf
Two genes Dumb d and Anxious a are recessive genes rou.pdfTwo genes Dumb d and Anxious a are recessive genes rou.pdf
Two genes Dumb d and Anxious a are recessive genes rou.pdf
info824030
 
Uick the following link to view exports data from ERED Then.pdf
Uick the following link to view exports data from ERED Then.pdfUick the following link to view exports data from ERED Then.pdf
Uick the following link to view exports data from ERED Then.pdf
info824030
 
Two high school field hockey players have unofficial college.pdf
Two high school field hockey players have unofficial college.pdfTwo high school field hockey players have unofficial college.pdf
Two high school field hockey players have unofficial college.pdf
info824030
 
Two years ago Elliot funded a revocable grantor trust The .pdf
Two years ago Elliot funded a revocable grantor trust The .pdfTwo years ago Elliot funded a revocable grantor trust The .pdf
Two years ago Elliot funded a revocable grantor trust The .pdf
info824030
 
Two housemates are fed up of doing the washing up and want t.pdf
Two housemates are fed up of doing the washing up and want t.pdfTwo housemates are fed up of doing the washing up and want t.pdf
Two housemates are fed up of doing the washing up and want t.pdf
info824030
 
Two fair sixsided dice are rolled Assume these are distin.pdf
Two fair sixsided dice are rolled Assume these are distin.pdfTwo fair sixsided dice are rolled Assume these are distin.pdf
Two fair sixsided dice are rolled Assume these are distin.pdf
info824030
 
Two people use the following procedure to split 1 dollar Pe.pdf
Two people use the following procedure to split 1 dollar Pe.pdfTwo people use the following procedure to split 1 dollar Pe.pdf
Two people use the following procedure to split 1 dollar Pe.pdf
info824030
 
Ubjeclives Kotilin syntax and basies Uacer inpul and cu.pdf
Ubjeclives  Kotilin syntax and basies  Uacer inpul and cu.pdfUbjeclives  Kotilin syntax and basies  Uacer inpul and cu.pdf
Ubjeclives Kotilin syntax and basies Uacer inpul and cu.pdf
info824030
 
Two students Vanessa and Mika from different high schools.pdf
Two students Vanessa and Mika from different high schools.pdfTwo students Vanessa and Mika from different high schools.pdf
Two students Vanessa and Mika from different high schools.pdf
info824030
 
Two random samples are taken one from among UVA students an.pdf
Two random samples are taken one from among UVA students an.pdfTwo random samples are taken one from among UVA students an.pdf
Two random samples are taken one from among UVA students an.pdf
info824030
 
Two firms engage in simultaneousmove quantity competition .pdf
Two firms engage in simultaneousmove quantity competition .pdfTwo firms engage in simultaneousmove quantity competition .pdf
Two firms engage in simultaneousmove quantity competition .pdf
info824030
 
Two debris flows happened in Tahoma creek between 2002 and 2.pdf
Two debris flows happened in Tahoma creek between 2002 and 2.pdfTwo debris flows happened in Tahoma creek between 2002 and 2.pdf
Two debris flows happened in Tahoma creek between 2002 and 2.pdf
info824030
 
Two accountants for the firm of Elwes and Wright are arguing.pdf
Two accountants for the firm of Elwes and Wright are arguing.pdfTwo accountants for the firm of Elwes and Wright are arguing.pdf
Two accountants for the firm of Elwes and Wright are arguing.pdf
info824030
 
Two firms produce differentiated products Let P1 and P2 be .pdf
Two firms produce differentiated products Let P1 and P2 be .pdfTwo firms produce differentiated products Let P1 and P2 be .pdf
Two firms produce differentiated products Let P1 and P2 be .pdf
info824030
 
two 2page reflection about an encounter you have had with.pdf
two 2page reflection about an encounter you have had with.pdftwo 2page reflection about an encounter you have had with.pdf
two 2page reflection about an encounter you have had with.pdf
info824030
 
A datagram arrives at a router with the following values for.pdf
A datagram arrives at a router with the following values for.pdfA datagram arrives at a router with the following values for.pdf
A datagram arrives at a router with the following values for.pdf
info824030
 
a Elence b Bilgi c Haber d dier Bir veya iki veya .pdf
a Elence b Bilgi c Haber d dier Bir veya iki veya .pdfa Elence b Bilgi c Haber d dier Bir veya iki veya .pdf
a Elence b Bilgi c Haber d dier Bir veya iki veya .pdf
info824030
 

More from info824030 (20)

Un anlisis de regresin mltiple de 3 factores A dotacin.pdf
Un anlisis de regresin mltiple de 3 factores A dotacin.pdfUn anlisis de regresin mltiple de 3 factores A dotacin.pdf
Un anlisis de regresin mltiple de 3 factores A dotacin.pdf
 
Ulusal renci Birliinin yllk toplantsna katlmak zere her y.pdf
Ulusal renci Birliinin yllk toplantsna katlmak zere her y.pdfUlusal renci Birliinin yllk toplantsna katlmak zere her y.pdf
Ulusal renci Birliinin yllk toplantsna katlmak zere her y.pdf
 
UHealth is a health insurance provider based in Australia F.pdf
UHealth is a health insurance provider based in Australia F.pdfUHealth is a health insurance provider based in Australia F.pdf
UHealth is a health insurance provider based in Australia F.pdf
 
Two genes Dumb d and Anxious a are recessive genes rou.pdf
Two genes Dumb d and Anxious a are recessive genes rou.pdfTwo genes Dumb d and Anxious a are recessive genes rou.pdf
Two genes Dumb d and Anxious a are recessive genes rou.pdf
 
Uick the following link to view exports data from ERED Then.pdf
Uick the following link to view exports data from ERED Then.pdfUick the following link to view exports data from ERED Then.pdf
Uick the following link to view exports data from ERED Then.pdf
 
Two high school field hockey players have unofficial college.pdf
Two high school field hockey players have unofficial college.pdfTwo high school field hockey players have unofficial college.pdf
Two high school field hockey players have unofficial college.pdf
 
Two years ago Elliot funded a revocable grantor trust The .pdf
Two years ago Elliot funded a revocable grantor trust The .pdfTwo years ago Elliot funded a revocable grantor trust The .pdf
Two years ago Elliot funded a revocable grantor trust The .pdf
 
Two housemates are fed up of doing the washing up and want t.pdf
Two housemates are fed up of doing the washing up and want t.pdfTwo housemates are fed up of doing the washing up and want t.pdf
Two housemates are fed up of doing the washing up and want t.pdf
 
Two fair sixsided dice are rolled Assume these are distin.pdf
Two fair sixsided dice are rolled Assume these are distin.pdfTwo fair sixsided dice are rolled Assume these are distin.pdf
Two fair sixsided dice are rolled Assume these are distin.pdf
 
Two people use the following procedure to split 1 dollar Pe.pdf
Two people use the following procedure to split 1 dollar Pe.pdfTwo people use the following procedure to split 1 dollar Pe.pdf
Two people use the following procedure to split 1 dollar Pe.pdf
 
Ubjeclives Kotilin syntax and basies Uacer inpul and cu.pdf
Ubjeclives  Kotilin syntax and basies  Uacer inpul and cu.pdfUbjeclives  Kotilin syntax and basies  Uacer inpul and cu.pdf
Ubjeclives Kotilin syntax and basies Uacer inpul and cu.pdf
 
Two students Vanessa and Mika from different high schools.pdf
Two students Vanessa and Mika from different high schools.pdfTwo students Vanessa and Mika from different high schools.pdf
Two students Vanessa and Mika from different high schools.pdf
 
Two random samples are taken one from among UVA students an.pdf
Two random samples are taken one from among UVA students an.pdfTwo random samples are taken one from among UVA students an.pdf
Two random samples are taken one from among UVA students an.pdf
 
Two firms engage in simultaneousmove quantity competition .pdf
Two firms engage in simultaneousmove quantity competition .pdfTwo firms engage in simultaneousmove quantity competition .pdf
Two firms engage in simultaneousmove quantity competition .pdf
 
Two debris flows happened in Tahoma creek between 2002 and 2.pdf
Two debris flows happened in Tahoma creek between 2002 and 2.pdfTwo debris flows happened in Tahoma creek between 2002 and 2.pdf
Two debris flows happened in Tahoma creek between 2002 and 2.pdf
 
Two accountants for the firm of Elwes and Wright are arguing.pdf
Two accountants for the firm of Elwes and Wright are arguing.pdfTwo accountants for the firm of Elwes and Wright are arguing.pdf
Two accountants for the firm of Elwes and Wright are arguing.pdf
 
Two firms produce differentiated products Let P1 and P2 be .pdf
Two firms produce differentiated products Let P1 and P2 be .pdfTwo firms produce differentiated products Let P1 and P2 be .pdf
Two firms produce differentiated products Let P1 and P2 be .pdf
 
two 2page reflection about an encounter you have had with.pdf
two 2page reflection about an encounter you have had with.pdftwo 2page reflection about an encounter you have had with.pdf
two 2page reflection about an encounter you have had with.pdf
 
A datagram arrives at a router with the following values for.pdf
A datagram arrives at a router with the following values for.pdfA datagram arrives at a router with the following values for.pdf
A datagram arrives at a router with the following values for.pdf
 
a Elence b Bilgi c Haber d dier Bir veya iki veya .pdf
a Elence b Bilgi c Haber d dier Bir veya iki veya .pdfa Elence b Bilgi c Haber d dier Bir veya iki veya .pdf
a Elence b Bilgi c Haber d dier Bir veya iki veya .pdf
 

Recently uploaded

2024.06.01 Introducing a competency framework for languag learning materials ...
2024.06.01 Introducing a competency framework for languag learning materials ...2024.06.01 Introducing a competency framework for languag learning materials ...
2024.06.01 Introducing a competency framework for languag learning materials ...
Sandy Millin
 
Ethnobotany and Ethnopharmacology ......
Ethnobotany and Ethnopharmacology ......Ethnobotany and Ethnopharmacology ......
Ethnobotany and Ethnopharmacology ......
Ashokrao Mane college of Pharmacy Peth-Vadgaon
 
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
TESDA TM1 REVIEWER  FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...TESDA TM1 REVIEWER  FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
EugeneSaldivar
 
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCECLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
BhavyaRajput3
 
1.4 modern child centered education - mahatma gandhi-2.pptx
1.4 modern child centered education - mahatma gandhi-2.pptx1.4 modern child centered education - mahatma gandhi-2.pptx
1.4 modern child centered education - mahatma gandhi-2.pptx
JosvitaDsouza2
 
Operation Blue Star - Saka Neela Tara
Operation Blue Star   -  Saka Neela TaraOperation Blue Star   -  Saka Neela Tara
Operation Blue Star - Saka Neela Tara
Balvir Singh
 
Cambridge International AS A Level Biology Coursebook - EBook (MaryFosbery J...
Cambridge International AS  A Level Biology Coursebook - EBook (MaryFosbery J...Cambridge International AS  A Level Biology Coursebook - EBook (MaryFosbery J...
Cambridge International AS A Level Biology Coursebook - EBook (MaryFosbery J...
AzmatAli747758
 
Polish students' mobility in the Czech Republic
Polish students' mobility in the Czech RepublicPolish students' mobility in the Czech Republic
Polish students' mobility in the Czech Republic
Anna Sz.
 
Sectors of the Indian Economy - Class 10 Study Notes pdf
Sectors of the Indian Economy - Class 10 Study Notes pdfSectors of the Indian Economy - Class 10 Study Notes pdf
Sectors of the Indian Economy - Class 10 Study Notes pdf
Vivekanand Anglo Vedic Academy
 
How libraries can support authors with open access requirements for UKRI fund...
How libraries can support authors with open access requirements for UKRI fund...How libraries can support authors with open access requirements for UKRI fund...
How libraries can support authors with open access requirements for UKRI fund...
Jisc
 
The Challenger.pdf DNHS Official Publication
The Challenger.pdf DNHS Official PublicationThe Challenger.pdf DNHS Official Publication
The Challenger.pdf DNHS Official Publication
Delapenabediema
 
PART A. Introduction to Costumer Service
PART A. Introduction to Costumer ServicePART A. Introduction to Costumer Service
PART A. Introduction to Costumer Service
PedroFerreira53928
 
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxStudents, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
EduSkills OECD
 
special B.ed 2nd year old paper_20240531.pdf
special B.ed 2nd year old paper_20240531.pdfspecial B.ed 2nd year old paper_20240531.pdf
special B.ed 2nd year old paper_20240531.pdf
Special education needs
 
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
MysoreMuleSoftMeetup
 
Overview on Edible Vaccine: Pros & Cons with Mechanism
Overview on Edible Vaccine: Pros & Cons with MechanismOverview on Edible Vaccine: Pros & Cons with Mechanism
Overview on Edible Vaccine: Pros & Cons with Mechanism
DeeptiGupta154
 
Palestine last event orientationfvgnh .pptx
Palestine last event orientationfvgnh .pptxPalestine last event orientationfvgnh .pptx
Palestine last event orientationfvgnh .pptx
RaedMohamed3
 
The French Revolution Class 9 Study Material pdf free download
The French Revolution Class 9 Study Material pdf free downloadThe French Revolution Class 9 Study Material pdf free download
The French Revolution Class 9 Study Material pdf free download
Vivekanand Anglo Vedic Academy
 
Sha'Carri Richardson Presentation 202345
Sha'Carri Richardson Presentation 202345Sha'Carri Richardson Presentation 202345
Sha'Carri Richardson Presentation 202345
beazzy04
 
Additional Benefits for Employee Website.pdf
Additional Benefits for Employee Website.pdfAdditional Benefits for Employee Website.pdf
Additional Benefits for Employee Website.pdf
joachimlavalley1
 

Recently uploaded (20)

2024.06.01 Introducing a competency framework for languag learning materials ...
2024.06.01 Introducing a competency framework for languag learning materials ...2024.06.01 Introducing a competency framework for languag learning materials ...
2024.06.01 Introducing a competency framework for languag learning materials ...
 
Ethnobotany and Ethnopharmacology ......
Ethnobotany and Ethnopharmacology ......Ethnobotany and Ethnopharmacology ......
Ethnobotany and Ethnopharmacology ......
 
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
TESDA TM1 REVIEWER  FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...TESDA TM1 REVIEWER  FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
 
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCECLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
CLASS 11 CBSE B.St Project AIDS TO TRADE - INSURANCE
 
1.4 modern child centered education - mahatma gandhi-2.pptx
1.4 modern child centered education - mahatma gandhi-2.pptx1.4 modern child centered education - mahatma gandhi-2.pptx
1.4 modern child centered education - mahatma gandhi-2.pptx
 
Operation Blue Star - Saka Neela Tara
Operation Blue Star   -  Saka Neela TaraOperation Blue Star   -  Saka Neela Tara
Operation Blue Star - Saka Neela Tara
 
Cambridge International AS A Level Biology Coursebook - EBook (MaryFosbery J...
Cambridge International AS  A Level Biology Coursebook - EBook (MaryFosbery J...Cambridge International AS  A Level Biology Coursebook - EBook (MaryFosbery J...
Cambridge International AS A Level Biology Coursebook - EBook (MaryFosbery J...
 
Polish students' mobility in the Czech Republic
Polish students' mobility in the Czech RepublicPolish students' mobility in the Czech Republic
Polish students' mobility in the Czech Republic
 
Sectors of the Indian Economy - Class 10 Study Notes pdf
Sectors of the Indian Economy - Class 10 Study Notes pdfSectors of the Indian Economy - Class 10 Study Notes pdf
Sectors of the Indian Economy - Class 10 Study Notes pdf
 
How libraries can support authors with open access requirements for UKRI fund...
How libraries can support authors with open access requirements for UKRI fund...How libraries can support authors with open access requirements for UKRI fund...
How libraries can support authors with open access requirements for UKRI fund...
 
The Challenger.pdf DNHS Official Publication
The Challenger.pdf DNHS Official PublicationThe Challenger.pdf DNHS Official Publication
The Challenger.pdf DNHS Official Publication
 
PART A. Introduction to Costumer Service
PART A. Introduction to Costumer ServicePART A. Introduction to Costumer Service
PART A. Introduction to Costumer Service
 
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxStudents, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
 
special B.ed 2nd year old paper_20240531.pdf
special B.ed 2nd year old paper_20240531.pdfspecial B.ed 2nd year old paper_20240531.pdf
special B.ed 2nd year old paper_20240531.pdf
 
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
Mule 4.6 & Java 17 Upgrade | MuleSoft Mysore Meetup #46
 
Overview on Edible Vaccine: Pros & Cons with Mechanism
Overview on Edible Vaccine: Pros & Cons with MechanismOverview on Edible Vaccine: Pros & Cons with Mechanism
Overview on Edible Vaccine: Pros & Cons with Mechanism
 
Palestine last event orientationfvgnh .pptx
Palestine last event orientationfvgnh .pptxPalestine last event orientationfvgnh .pptx
Palestine last event orientationfvgnh .pptx
 
The French Revolution Class 9 Study Material pdf free download
The French Revolution Class 9 Study Material pdf free downloadThe French Revolution Class 9 Study Material pdf free download
The French Revolution Class 9 Study Material pdf free download
 
Sha'Carri Richardson Presentation 202345
Sha'Carri Richardson Presentation 202345Sha'Carri Richardson Presentation 202345
Sha'Carri Richardson Presentation 202345
 
Additional Benefits for Employee Website.pdf
Additional Benefits for Employee Website.pdfAdditional Benefits for Employee Website.pdf
Additional Benefits for Employee Website.pdf
 

A consumer initially maximizes utility at point A with incom.pdf

  • 1. A consumer initially maximizes utility at point A with income of Y=$200 spent on coffee and biscuits. Then, suppose income increases, shifting the budget constraint from L1 to L2, where the consumer maximizes utility at bundle B. Using the new level of income, calculate the income elasticity. of coffee (coffee) between bundle A and bundle B. coffee=( Enteranumericresponseusingarealnumberroundedtotwodecimalplaces.)