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Hello, I have an ag economics question. At the moment, I am currently having trouble starting the problem and let alone finishing it. I would

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Hello, I have an ag economics question. At the moment, I am currently having trouble starting the problem and let alone finishing it. I would love your input on the problem. I have provided an image of the question.

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When your income rises from $47,850 to $58,925 per year, your demand for used, casual clothing drops from 385.0000 to 73.7500 units. 1. Calculate the appropriate elasticity. 2. Interpret the elasticity. 3. Classify used, casual clothing. All final answers must have four decimal places

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