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When Alex's income increased from $3,000 to $5,000, he increased his consumption of bagels from 4 to 8 a month and decreased his consumption of donuts from 12 to 6 a month. Calculate Alex's income elasticity of demand for
a. Bagels.
b. Donuts.
sources of oligopory
equation for a demand curve is p=2/q. what is the elasticity of demand if price falls from 5 to 4
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