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(a) What is income elasticity of demand? The table below shows the various incomes and ...

(a) What is income elasticity of demand? The table below shows the various incomes and demand for different commodities.
Income (N) Quantity Demanded (kg)
A 20,000 120
B 36,000 96
C 40,000 160
D 44,000 200
E 45,000 240
F 47,000 252



(b) Calculate the income elasticity between
(i) A and B
(ii) C and D
(iii) E and F
(c) What kind of good is between
(i) A and B?
(ii) C and D?



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