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Good morning, I am not understanding what I am doing wrong to calculate the following practice question. When Julie's weekly income is $3,000, she purchases
Good morning,
I am not understanding what I am doing wrong to calculate the following practice question.
When Julie's weekly income is $3,000, she purchases 15 musicdownloads per week. When Julie's weekly income decreases to $2,500, she purchases 17 musicdownloads per week.
Julie's income elasticity of demand is?
Can you please help walk me through this?
Thank you,
Charles
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