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Income Elasticity 8. Demand and supply are S = 2p - 40 and D = 40- 2p + m where income is initially m =

Income Elasticity 8. Demand and supply are S = 2p - 40 and D = 40- 2p + m where income is initially m = 40. Now income increases to my = 80. Price Calculate the income elasticity of demand 1xm Am Is this good a necessity

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