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1. Given the following data: Quantity Demanded of Product X Quantity Demanded of Product X $10,000 200 50 $15,000 350 54 a. Calculate the income

1. Given the following data: Quantity Demanded of Product X Quantity Demanded of Product X $10,000 200 50 $15,000 350 54 a. Calculate the income elasticity of products X and Y. b. Are products X and Y normal goods

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