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Title: Suppose that over a 12-month period, Sonali's income (Y) rises from $27 000 to $35 000 per year ... Post by: DoveNinja763537 on Sep 20, 2022 Suppose that over a 12-month period, Sonali's income (Y) rises from $27 000 to $35 000 per year and, as a result, her spending on travel (T) increases from $1500 to $2500 per year. Assume there is a linear relation between the two variables, Y and T. What is the marginal response in T to a change in Y?
▸ 8 ▸ 4 ▸ 0 ▸ 0.125 ▸ 0.25 Title: Suppose that over a 12-month period, Sonali's income (Y) rises from $27 000 to $35 000 per year ... Post by: Gab27 on Sep 20, 2022 Content hidden
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