When your income goes up to 50000 from 40000 demand for
Income elasticity of demand
When your income goes up to $50,000 from $40,000, demand for Scotch Whiskey increases from 500 to 600. Calculate income elasticity of demand.
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income elasticity of demandwhen your income goes up to 50000 from 40000 demand for scotch whiskey increases from 500 to
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