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2.2 Sudi spends his income on two goods. His income elasticity of demand for the first good is E1 = 0.2, while his income elasticit}r
2.2 Sudi spends his income on two goods. His income elasticity of demand for the first good is E1 = 0.2, while his income elasticit}r of demand for the second good is E 1 = 2. Illustrate in one diagram how a 10% increase in his income would affect the quantityr he demands of the two goods that shows an income- consumption curve, and create another diagram for each of the two goods that shows an Engel curve. How do the slopes of the Engel curves compare
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