QUESTION: A college student eats ramen noodles twice a week and earns $300 a week working part-time.
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QUESTION: A college student eats ramen noodles twice a week and earns $300 a week working part-time. After graduating, the student earns $1,000 a week and eats ramen noodles once every other week , or 0.5 time a week. What is the student’s income elasticity?
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