The coconut oil demand function (Bushena and 3erlofl: 1991) is Q =1,200 - 9.5p + 15.2% + 0.2'1\": where C! is the quantity of coconut oil demanded in thousands of metric tons per year; p is the price of coconut oil in cents per pound, pp is the price of palm oil in cents per pound, and Y is the income of consumers. Assume that p is initiallyr 45 cents per pound; pp is 27 cents per pound; and Q is 1275 thousand metric tons per year. Calculate the income elasticity of demand for coconut oil. The income elasticity of demand is a = |:. (Enter your response rounded to three decimal places. ,}