A consumer purchases 10kg. of rice when his income is Rs. 1000. The quantity purchased increase...
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A consumer purchases 10kg. of rice when his income is Rs. 1000. The quantity purchased increase by 2kg. when his income increases to Rs. 1,100. Calculate income elasticity. A consumer purchases 10kg. of rice when his income is Rs. 1000. The quantity purchased increase by 2kg. when his income increases to Rs. 1,100. Calculate income elasticity.
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