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Question
When John earned $65,000 he purchased 10 DVDs a year. His income has just increased to $68,000 and he plans to purchase 15 DVDs this year. Johnʹs income elasticity of demand equals
A) 0
B) 0.11
C) 1.67
D) 8.87
Answer
This answer is hidden. It contains 1 characters.
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