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Due to rising unemployment , bike sales are rising across the USA. The bike industry estimates that , all else equal, a 1% fall in average income leads to a 1.5% increase in the sale of bicycles. Calculate, interpret and explain the YED for bicycles.

Due to rising unemployment , bike sales are rising across the USA. The bike industry estimates that , all else equal, a 1% fall in average income leads to a 1.5% increase in the sale of bicycles. Calculate, interpret and explain the YED for bicycles.





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