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9:08 9:08 < Notes 14 November 2021 at 9:08 PM Task 3 Mr. Brown has managed to gain a pay rise of OMR 1,000 per
9:08 < Notes 14 November 2021 at 9:08 PM Task 3 Mr. Brown has managed to gain a pay rise of OMR 1,000 per annum. His salary per annum is now OMR 8,000. This means that he will now take two cruises for vacations instead of one. Calculate the income elasticity of demand.
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International Economics
Authors: Robert C. Feenstra, Alan M. Taylor
3rd edition
978-1429278515, 142927851X, 978-1319029517, 1319029515, 978-1429278447
