Calculate chelseas income elasticity of demand for
When Chelsea's income increased from $35,000 to $60,000 a year, her purchases of CDs increased from 10 to 40 CDs a year. Calculate Chelsea's income elasticity of demand for CD's.
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when chelseas income increased from 35000 to 60000 a year her purchases of cds increased from 10 to 40 cds a year
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