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Business, 28.10.2021 03:30 pleasehelpmeonthis

If the quantity demanded for a luxury good increases by 10 percent, which of the following is correct? Group of answer choices

Average income may have increased by 5 percent.

Average income may have decreased by 5 percent.

Average income may have decreased by 10 percent.

Average income may have increased by 10 percent.

Average income increased by less than 10 percent.

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Answers: 1

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