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If MrBrown's Income Increases by 12 Percent and His Quantity Demanded

Question 27

Multiple Choice

If Mr.Brown's income increases by 12 percent and his quantity demanded of music downloads increases by 4 percent,Mr.Brown's income elasticity of demand for music downloads is


A) 3.0.
B) 0.33.
C) -0.33.
D) -3.0.
E) 48.0.

Correct Answer:

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