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Aquata always spends 30 % of her income on dinglehoppers. Assume that her income increases by some percentage while the price of dinglehoppers remains constant (and that all dinglehoppers cost the same). What is her income elasticity of demand for dinglehoppers?
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Aquata always spends 30 % of her income on dinglehoppers. Assume that her income increases by some p...
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