Dear beloved readers, welcome to our website! We hope your visit here brings you valuable insights and meaningful inspiration. Thank you for taking the time to stop by and explore the content we've prepared for you.
------------------------------------------------ Calculate the income elasticity between the following:

i) A and B
Income: 20,000 and 36,000

ii) C and D
Income: 40,000 and 44,000

iii) E and F
Income: 45,000 and 47,000

To calculate the income elasticity between given pairs of incomes, we need information about the quantity demanded, which is missing from the data provided.

Explanation:

To calculate income elasticity, we use the formula: Income Elasticity = % change in Quantity Demanded / % change in Income.

Between A and B: The income changes from $20,000 to $36,000, which is a $16,000 increase (80%). The quantity demanded changes from an unknown value to an unknown value, so we cannot calculate the % change in quantity demanded. Thus, we cannot calculate the income elasticity between A and B.
Between C and D: The income changes from $40,000 to $44,000, which is a $4,000 increase (10%). The quantity demanded changes from an unknown value to an unknown value, so we cannot calculate the % change in quantity demanded. Thus, we cannot calculate the income elasticity between C and D.
Between E and F: The income changes from $45,000 to $47,000, which is a $2,000 increase (4.4%). The quantity demanded changes from an unknown value to an unknown value, so we cannot calculate the % change in quantity demanded. Thus, we cannot calculate the income elasticity between E and F.

Due to missing data on the quantity demanded, we cannot calculate the income elasticity between A and B, C and D, or E and F in this case.

Learn more about Income Elasticity of Demand here:

https://brainly.com/question/31293339

#SPJ11