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A 10 per cent increase in income increases the quantity of apple juice demanded from gallons. The income elasticity of demand for apple juice is, approximately.
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A 10 per cent increase in income increases the quantity of apple juice demanded from

gallons. The income elasticity of demand for apple juice is, approximately.

User Leeor
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1 Answer

4 votes

Answer:

The demand of apple juice is not elastic.

Explanation:

The reason is because this product can be replaced with alternative juices, which means if the price rises nobody would buy it.

User Veno
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