Economics A Level: The Toy Car Company has seen an Increase from 4 to 10 Cars after an Increase of Real Income from 18K to 23K. Calculate the YED

Question

The Toy Car Company has seen an Increase from 4 to 10 Cars after an Increase of Real Income from 18K to 23K. Calculate the YED

go kys · Accepted Answer

-First the % in Qd [4:100% —> 10: 250%] 
Therefore % in Qd is 150% 
-Now % in Y [18:100% —> 23: 127.78%]
Therefore % in Y is 27.78%
Therefore YED i 5.4

Economics A Level

The Toy Car Company has seen an Increase from 4 to 10 Cars after an Increase of Real Income from 18K to 23K. Calculate the YED

-First the % in Qd [4:100% —> 10: 250%] Therefore % in Qd is 150% -Now % in Y [18:100% —> 23: 127.78%] Therefore % in Y is 27.78% Therefore YED i 5.4

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