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If the income elasticity of demand of a particular good is 0.75 and the quantity demanded of that good fell by 12%, then income must
If the income elasticity of demand of a particular good is 0.75 and the quantity demanded of that good fell by 12%, then income must have
Select one:
a.
Fallen by 16%.
b.Not enough information to determine
c.
Risen by 16%.
d.Risen by 9%
e.Fallen by 9%
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