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In 5 sentences, state the importance of learning the elasticity of demand and supply

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter5: Elasticity

Section: Chapter Questions

Problem 21RQ: What is the formula for the income elasticity of demand?

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