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INCOME QUANTITY PURCHASED Automobiles Coffee Margarine $25,000 $50,000 2 10 1 3 8 3 In the table above the income elasticity for margarine is
INCOME QUANTITY PURCHASED Automobiles Coffee Margarine $25,000 $50,000 2 10 1 3 8 3 In the table above the income elasticity for margarine is and margarine is found to be we don't have enough information to determine income elasticity for coffee 3, an inferior good -1/3, an inferior good -1.5, an inferior good 1.5, a normal good
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