Question: Consider the following demand function for good X: Q = 9 - 0 . 1 p _ x - p _ y + 0 .

Consider the following demand function for good X: Q=9-0.1p_x-p_y+0.01p_z+0.001Y ,
where Own Price, p_x=$30
Price of a related good, p_y=$4
Quantity demanded =24.75
Price of a related good, p_z=$275
Consumer income, Y=$20,000
(a.) The income elasticity of demand \xi when equilibrium quantity is 24.75 units and income is $20,000 is equal to

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