If the consumers' income increase from $200 to$300, the quantity demanded for product X willincrease from 80 to 100 whereas, the quantitydemanded for product Y fall from 90 to 63.a.What is income elasticity of demand for productX?b. What kind of product X to these consumers?c. What is income elasticity of demand for productY ?d.What kind of product Y to these consumers?
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