Judi,r has decided to allocate exactly $500 to college textbooks every year. even though she knows that the prices are likelyr to increase by 5
Judi,r has decided to allocate exactly $500 to college textbooks every year. even though she knows that the prices are likelyr 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 Judy's price elasticity of demand for textbooks? Income elasticity
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