3. Economists have observed that spending on restaurant meals declines more during economic downturns than does spending on food to be eaten at home. How might the concept of elasticity help to explain this phenomenon? Your answer should be limited to 100 words. A 10 percent of word-limit-flexibility is allowed. Violating the word-limit attracts penalty on marks. Use YOUR OWN words. The College plagiarism policy is applied. Violating the policy attracts penalty on marks. (15 Points) Enter your