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suppose the income of an individual had decreased from $500 to 300 a week. His consumption of coffee has decreased from 6 cups to 4
suppose the income of an individual had decreased from $500 to 300 a week. His consumption of coffee has decreased from 6 cups to 4 cups a week,
a. calculate income elasticity of demand
b, based on income of demand the type of coffee is
c. interpret the value of income elasticity of demand
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