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Explain Engels Law. 2. How can Engels law be used to explain the increase in demand for workers in the service industries? 3.Income elasticity Ei

Explain Engels Law.

2. How can Engels law be used to explain the increase in demand for workers in the service industries?

3.Income elasticity Ei for food is about 0.30. Last year Ali spent $12,000 on food. If he gets a 4% raise in annual pay how much will he spent on food next year?

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