A consumer's weekly income is $550, and the consumer buys 9 bars of chocolate per week. When

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A consumer's weekly income is $550, and the consumer buys 9 bars of chocolate per week. When weekly income increases to $600, the consum buys 10 bars per week. The income elasticity of demand for chocolate by this consumer is about Multiple Choice O 1.21. O 0.83

Posted Date: Jun 12, 2024 08:00 AM

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A consumer's weekly income is $550, and the consumer buys 9 bars of chocolate per week. When

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