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Suppose the consumer share of his total expenditure on housing is 40%, on food is 20% and everything else is 40%. Also, assume that the

Suppose the consumer share of his total expenditure on housing is 40%, on food is 20% and everything else is 40%. Also, assume that the income elasticity of demand forhousingis1.25, for food is 0.5. What is the income elasticity of everything else?

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