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Calculate the income elasticity of demand for each of the following goods: Quantity Demanded When Quantity Demanded When Income is $10,000 Income is $20,000 Good

Calculate the income elasticity of demand for each of the following goods:

Quantity Demanded When Quantity Demanded When

Income is $10,000 Income is $20,000

Good 1 10 25

Good 2 4 5

Good 3 3 2

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