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The income elasticity of demand for fresh artisanal cheese has been estimated at 0.57. If income grows by 5% in a given period, demand will:

The income elasticity of demand for fresh artisanal cheese has been estimated at 0.57. If income grows by 5% in a given period, demand will: increase by about 2.9%. decrease by less than 5.7%. decrease by more than 5.7%. increase by more than 5.7%

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