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Last Year, After Shirley Received a 14 Percent Pay Increase

Question 426

Multiple Choice

Last year, after Shirley received a 14 percent pay increase, she increased the quantity of pork chops she purchased by 6 percent. Hence, her income elasticity of demand for pork chops equals


A) 0.43.
B) -0.43.
C) 2.33.
D) -2.33

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