Income elasticity of demand for porsches

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Jeff's income elasticity of demand for Porsches is 4. If he owns two Porsches when he makes $900,000, how much money would he have to make in order to buy one more Porsche? SHOW YOUR WORK.

Given                                                              Need to find

IED =                                                                           If

Qf =

Qi =

Ii =

Reference no: EM132063130

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