brittneyrost1461 brittneyrost1461

10-03-2019
Business

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Studies show that the income elasticity of demand for wine is 5.03 and the income elasticity of demand for spirits is 1.21. this indicates that

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MrCreighton MrCreighton

10-03-2019

As the price of wine increases, demand is affected more than if the price of spirits increases.

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