How relevant do you consider income elasticity of demand, Microeconomics

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How relevant do you consider income elasticity of demand

Problem

How relevant do you consider income elasticity of demand and cross-elasticity of demand to be when the firm is considering what price it should charge?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: How relevant do you consider income elasticity of demand

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