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Business, 17.07.2019 17:00 Quaneshiaa

Researchers have found that during the last recession, when income fell by 6 percent, many fast-food restaurants saw their sales increase by 8 percent while the sales of soda fell by 12 percent in grocery stores. what is the income elasticity of these groups of goods?

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Researchers have found that during the last recession, when income fell by 6 percent, many fast-food...
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