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michelle7Lv1
18 Jun 2021
Assess the category of goods according to income elasticity of demand that exhibits the
following elasticity coefficients for the goods specified:
3.1.1 Good X: Positive income elasticity; Ey = 1.6
3.1.2 Good Y: Positive income elasticity; Ey = 0.3
Assess the category of goods according to income elasticity of demand that exhibits the
following elasticity coefficients for the goods specified:
3.1.1 Good X: Positive income elasticity; Ey = 1.6
3.1.2 Good Y: Positive income elasticity; Ey = 0.3
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18 Jun 2021
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