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D Question 9 10 pts Consider a market for educational services composed of the following demand and supply functions: Qd = Income + Px -Py
D Question 9 10 pts Consider a market for educational services composed of the following demand and supply functions: Qd = Income + Px -Py -2P Q5 = 5+P In addition we have the following information: Year Income PX Py 2020 15 10 5 2021 30 10 5 Compute the midpoint income elasticity for educational services (Hint: use the equilibrium quantities). (Enter your answer to one decimal place, For "0.8", you would write 0.8). Do not round
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