Suppose that Oakwood Winery's demand has an income elasticity of 2. If Oakwood'scustomers' incomes increase by 5%,
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Question:
Suppose that Oakwood Winery's demand has an income elasticity of 2. If Oakwood'scustomers' incomes increase by 5%, we would expect its sales to increase by
2.5%
20%
2%
10%
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