If wages for accountants rose, then accountants' leisure time would have a lower opportunity cost

What is the FOMC? Who are the members of the FOMC? What policy does the FOMC decide?

What will be an ideal response?

The text shows that income elasticity for books is 1.44 . This means that

a. books are income inelastic b. books are price inelastic c. there's a 144 percent increase in book sales when income rises 10 percent d. there's a 44 percent increase in book sales when income rises 10 percent e. there's a 1.44 percent increase in book sales when income rises 1 percent