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A 10 Percent Increase in Income Increases the Quantity of Orange

Question 212

Multiple Choice

A 10 percent increase in income increases the quantity of orange juice demanded from 19,200 to 20,800 gallons. The income elasticity of demand for orange juice is


A) 0.5.
B) 0.8.
C) 1.0.
D) 1.2.

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