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3. (6 points) Calculate the income elasticities for the following demand functions. a) (3 points) z (p, m) = m b) (3 points) x (p,

3. (6 points) Calculate the income elasticities for the following demand functions. a) (3 points) z (p, m) = m b) (3 points) x (p, m) = 10

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