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Business, 26.06.2020 18:01 nakarelinp0p303

3. When Alec’s income increases by 10%, his consumption of vitamins increases by 15% while his consumption of Top Ramen drops by 20%. Calculate Alec’s income elasticity of demand for vitamins and income elasticity for Top Ramen.

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3. When Alec’s income increases by 10%, his consumption of vitamins increases by 15% while his consu...

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