question archive Suppose that consumers' incomes increase 12 percent, which results in a 0
Suppose that consumers' incomes increase 12 percent, which results in a 0
Subject:EconomicsPrice:2.88 Bought3
Suppose that consumers' incomes increase 12 percent, which results in a 0.6 percent increase in consumption of farm goods at current prices. What is the income elasticity of the demand for the farm?
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