After chelseas income increased from 12000 to 18000 a year
After Chelsea's income increased from $12,000 to $18,000 a year, her purchases of CDs increased from 10 to 40 CDs a year. Calculate Chelsea's income elasticity of demand for CDs using the midpoint method.
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after chelseas income increased from 12000 to 18000 a year her purchases of cds increased from 10 to 40 cds a year
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