Hello, I have an ag economics question. At the moment, I answered the parts however I could, but I would love your input on the problem. I have provided an image of the question.

1. (58,925 - 47,850)*100/47,850 = 23.1452 , (63.75 - 56.5)*100 = 12.8319 , 12.8319/24.1452 = 0.5544 , So the elasticity is 0.5544

2. Demand is income inelastic.

3. New work clothes can be classified as normal necessity goods.

Am I right???

As your income increases from $47,850 to $58,925, your demand for new work clothes increases from 56.5000 to 63.7500 units. 1. Calculate the appropriate elasticity. 2. Interpret the elasticity. 3. Classify new work clothes. All final answers must have four decimal places