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Business, 19.02.2020 05:55 pizzacrust1633

When Alex's income increased from $2,000 to $4,000, he increased his consumption of bagels from 6 to 10 a month and decreased his consumption of donuts from 15 to 9 a month. Calculate Alex's income elasticity of demand for bagels and donuts.

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When Alex's income increased from $2,000 to $4,000, he increased his consumption of bagels from 6 to...
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