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In the Gastown neighborhood of Allieland, in 2004, 430 apartment units were demanded and average income was 93,000 Unobtainium Dollars. In 2008, 410 units where

In the Gastown neighborhood of Allieland, in 2004, 430 apartment units were demanded and average income was 93,000 Unobtainium Dollars. In 2008, 410 units where demanded and average income was 109,000 Unobtainium Dollars. Assuming the only difference between 2004 and 2008 was a change in average income, what is income elasticy of demand?

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