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Anindividual's income rises from 98,000 per year to $102,000 peryear, and as a consequence theperson's purchases of movie downloads rise from 3 per month to
Anindividual's income rises from 98,000 per year to $102,000 peryear, and as a consequence theperson's purchases of movie downloads rise from 3 per month to 5 per month. Thisindividual's income elasticity of demand is? Please show step by step to get this answer.
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