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b. Storms fullback, Billy Slater's pay cap rises from $800 to $1000 per fortnight, perhaps his demand for pizza increases from 7 packs to 10
b. Storms fullback, Billy Slater's pay cap rises from $800 to $1000 per fortnight, perhaps his demand for pizza increases from 7 packs to 10 packs. Find the income elasticity of demand for pizza. Explain whether pizza is normal or giffen good
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Principles of Economics
Authors: Fred M. Gottheil
7th edition
978-1133962069, 9781285064444, 1133962068, 1285064445, 978-1285064437
