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Jada has decided to allocate exactly $ 7 0 0 to college textbooks every year, even though she knows that the prices are likely to

Jada has decided to allocate exactly $700 to college textbooks every year, even though she knows that the prices are likely to increase by 5 to 10 percent per year and that she will be getting a substantial monetary gift from her grandparents next year. What is JadaJada's price elasticity of demand for textbooks? Income elasticity?

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