Suppose that when household income in a city rises by 30%

Suppose that when household income in a city rises by 30%

Suppose that when household income in a city rises by 30%

Question
Suppose that when household income in a city rises by 30%, and the price of good X remains unchanged, the quantity demanded of good X increases by 15%. Then, in this city, the income elasticity of demand for good X is , and you know that good X is

Suppose that when household income in a city rises by 30%


 

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