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If a country's population growth rate was 0.5% last year, and the income growth rate is 2%, what was the income elasticity of food demand
If a country's population growth rate was 0.5% last year, and the income growth rate is 2%, what was the income elasticity of food demand of this country when the growth in food demand was 1.5%?(Show your work please. Partial grades are given depending on work. Simply giving a number would not earn any points.)
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