1. If the income elasticity of demand is 0.2, how would the volume of services change if income rose


1. If the proceeds elasticity of insist is 0.2, how would the size of services transmute if proceeds rose by 10 percent?

2. You are a overseer for a regional health system. Using an appraisement of the appraisement elasticity of insist of −0.25, calculate how abundant ambulatory visits accomplish transmute if you breed appraisements by 5 percent.