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As the average hourly wage increases from $ 18 per hour to $ 20 per hour, the quantity of frozen dinners demanded decreases from 3
As the average hourly wage increases from $ 18 per hour to $ 20 per hour, the quantity of frozen dinners demanded decreases from 3 , 550 to 3 , 350. What is the income elasticity of demand for frozen dinners? If needed, round your answer to the nearest hundredth and include a negative sign
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