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The income elasticity for organic potato chips is 3.4. If consumers income increases by 2.0% what is the impact on the consumption of organic potato

The income elasticity for organic potato chips is 3.4. If consumers income increases by 2.0% what is the impact on the consumption of organic potato chips?

Group of answer choices

Increases by 2.0%

Increases by 17.0%

Decreases by 6.8%

Decreases by 3.4%

Increases by 6.8%

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