Suppose that in year 1, jim’s quantity demanded of pepsi is 7 bottles per week, when the price of pepsi is $1.75 per bottle and jim’s income is $60,000. in year 2, jim’s quantity demanded of pepsi increases to 14 bottles per week, when the price of each bottle of pepsi is $1.75 and his income is $75,000. using the midpoint method, what is jim’s income elasticity of demand for bottles of pepsi between year 1 and year 2?

the answerr would be 1

answer; /// the use of a bank credit card to make purchase;

answerembargo;

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.