Microeconomics
Microeconomics
13th Edition
ISBN: 9781337617406
Author: Roger A. Arnold
Publisher: Cengage Learning
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Textbook Question
Chapter 6, Problem 3WNG

The quantity demanded of good X rises from 130 to 145units as income rises from $2,000 to $2,500 a month. What is the income elasticity of demand for good X?

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