Question: Given the estimated demand equation Q L E E = 1 3 3 , 5 0 0 - 1 2 5 0 P L E
Given the estimated demand equation
INCPOP
and the following current values of the variables, income elasticity demand for LEE is equal to
PLEE$
QLEE demand for QLEE
$
$
Income INC$
Local Target Market Population POP
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