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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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