Chapter 5 W Refer to the follownig information to answer questions 17-19 Meat Consumption in the US is estimated at 220lb per capita/year The Income Elasticity for Meat is .35 Disposable Income is projected to rise 4% next year. Calculate the projected % change in Meat consumption for next year -- SHOW CALCULATIONS 17 . 35 =10 QM:.04 . 35 x. 04 14 % Calculate the projected Meat consumption per capita (in lb.) for next year -- SHOW CALCULATIONS 18 19 Meat would be classified as: (circle the best answer) Normal Luxury Normal Necessity Inferior