Business, 21.06.2020 02:57 david838843
here INCOME is annual household income (in thousands) and ENT_EXP is annual entertainment expenses? a. the income elasticity of entertainment b. when multiplied by 100, it is the percentage increase in entertainment expenses associated with an additional $1000 in income c. the increase in entertainment expenses associated with a 1% increase in income d. the average of the logarithm of entertainment expenses for a household with zero income
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here INCOME is annual household income (in thousands) and ENT_EXP is annual entertainment expenses?...
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