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question 4 The price of Tea changes from $4 to $5; initialy Ariel consumed 14 cups of tea per week and now consumes 13 cups

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The price of Tea changes from $4 to $5; initialy Ariel consumed 14 cups of tea per week and now consumes 13 cups of tea per week. Indicate whether the changes are negative or positive and keep 2 decimals. What is the percentage change in price? % What is the percentage change in quantity? % What is the Income Elasticity of Demand? In this example, is tea an income elastic or inelastic good? OIncome Elastic OIncome Inelastic Income Unitary Elastic

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