Business, 18.09.2019 05:20 joannegrace4898

If the country enters a period of prosperity, resulting in consumer income increasing by 4% and the income elasticity of a good is 0.8, what will happen to the demand for that good as a result? a. demand will increase by 1.2%b. demand will increase by 3.2%c. demand will increase by 4.8%

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