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Business, 11.02.2021 21:10 catuchaljean1623

Consider the market for "rainbow sandals" . Suppose average household income increases from â$31 thousand to â$50 thousand per year. As aâ result, the demand for increases from 402 to 559. Using the midpointâ formula, what is the "income elasticity of demand" forâ?

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Consider the market for "rainbow sandals" . Suppose average household income increases from â$31 tho...
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