Income rises from 30000 to 40000 demand increases at a
Calculate the income elasticities of demand for the following:
a. Income rises by 20 percent; demand rises by 10 percent.
b. Income rises from $30,000 to $40,000; demand increases (at a constant price) from 16 to 19.
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instructionsyou will read the scenario below and answer the prompts providedetpis marketing department intends to
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