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You have the following information for your product: a. The price elasticity of demand is -2.0. b. The income elasticity of demand is 1.5. c.

You have the following information for your product:

a. The price elasticity of demand is -2.0.

b. The income elasticity of demand is 1.5.

c. The cross-price elasticity of demand between your good and a related good is -3.5.

What can you determine about consumer demand for your product from this information?

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