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hi, i do not understand Suppose income elasticity of demand for housing is 1.35 and price elasticity of demand is -1.45. Claculate the % change

hi, i do not understand

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.

a.- 3.2%

b. + 3.2%

c. + 1.36%

d. + 1.48%

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