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Consider the following table of demandsPlasma TVs, LCD TVs, and DVD players for income levels $1000 and $1100. What is the income elasticity of demand
Consider the following table of demandsPlasma TVs, LCD TVs, and DVD players for income levels $1000 and $1100.
What is the income elasticity of demand for Plasmas as income increases from $1000 to $1100?(Note: Write the answer in decimalform.Include minus sign if answer is negative.)
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