Rand study found that the income elasticity of demand for, Ask an Expert

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RAND study found that the income elasticity of demand for dental care is 0.15. Over the last one decade, income of the population has increased by 21%. Therefore, the income effect alone should a)Increase the demand for dental care by about 3% b)Increased the demand for dental care by about 32% c)Increased the demand for dental care by about 15%

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Business Economics, Economics

Category:- Business Economics
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