Business, 15.02.2020 01:57 ayoismeisjjjjuan

Own price, Px = $30 Price of a related good, Py = $4 Quantity demanded = 24.75 Price of a related good, Pz = $275 Consumer income, Y = $20 comma 000 The income elasticity of demand 'xi', when equilibrium quantity is 24.75 units and income is $20 comma 000, is equal to . 808 (enter your response rounded to three decimal places). In this case the good is:

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Own price, Px = $30 Price of a related good, Py = $4 Quantity demanded = 24.75 Price of a related go...