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If Good X is $8 and increases to $9, quantity demanded for product Y goes from 10 to 11. a.What is the income elasticity of

If Good X is $8 and increases to $9, quantity demanded for product Y goes from 10 to 11.

a.What is the income elasticity of demand?

b..Interpret the income elasticity of demand.

c..Categorize this product based on its income elasticity.

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