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As the average hourly wage increases from $ 16 per hour to $ 19 per hour, the quantity demanded of lawnmowers increases from 7 ,
As the average hourly wage increases from $ 16 per hour to $ 19 per hour, the quantity demanded of lawnmowers increases from 7 , 000 to 11 , 500 . What is the income elasticity of demand for lawnmowers? Round your answer to the nearest hundredth. Your answer may be a positive or negative number. Provide your answer below: $$
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