Question: Consider the multiplicative demand function, QD = 1.6P 1.5 Y 0.2 where QD = quantity demanded, P = selling price, and Y = disposable income,

Consider the multiplicative demand function, QD = 1.6P^1.5Y^0.2 where QD = quantity demanded, P = selling price, and Y = disposable income, the coefficient of Y (i.e., 0.2) indicates that (all other things being held constant) ?

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