An individual's income rises from $80,000 per year to $84,000 per year, and as a consequence the

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An individual's income rises from $80,000 per year to $84,000 per year, and as a consequence the per- son's purchases of movie downloads rise from 48 per year to 72 per year. What is this individual's income elasticity of demand?

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Economics Today The Macro View

ISBN: 9780135888681

20th Edition

Authors: Roger LeRoy Miller

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Question Posted: Jan 28, 2024 12:01 AM

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An individual's income rises from $80,000 per year to $84,000 per year, and as a consequence the

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Economics Today The Macro View

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