Per capita income in the county was $40,000, and physician visits averaged 4.00 per person per year.
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Per capita income in the county was $40,000, and physician visits averaged 4.00 per person per year. Per capita income has risen to $42,000, and physician visits have risen to 4.02 per person per year. What is the percentage change in visits? What is the percentage change in income? What is the income elasticity of demand for visits?
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