(Figure: Good Y and Good X V) In panel (a) , the price of good X is $1.50 per unit and the price of good Y is $3 per unit. In panel (b) , the consumer's income increased from $400 to $480.
Panel (a) Panel (b) 
Using panel (b) , the income elasticity of demand for good X is _____.
A) 1.43
B) -1.43
C) 0.7
D) -0.7
Correct Answer:
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