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can anyone help with this please?? 3. When a consumer's income increased from $54,000 to $66,000, they ate at a certain restaurant 36 time a
can anyone help with this please??
3. When a consumer's income increased from $54,000 to $66,000, they ate at a certain restaurant 36 time a year instead of 28. What is the income elasticity of demand in this case? Based on this calculated elasticity, what type of good is eating at this restaurant as far as this consumer is concerned? DStep by Step Solution
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