hi i do not understand how to answer this Suppose income elasticity of demand for housing is

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Suppose income elasticity of demand for housing is 1.35 and price elasticity of demand is -1.45. Claculate the % change in consumer expenditure if housing prices decline by 20% due to Covid epidemic.

Posted Date: Jun 24, 2024 02:00 AM

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hi i do not understand how to answer this Suppose income elasticity of demand for housing is

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