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If Starbuck 's marketing department estimates the income elasticity of demand for its coffee to be 1.55 , how will the prospects of an economic
If Starbuck 's marketing department estimates the income elasticity of demand for its coffee to be 1.55 , how will the prospects of an economic bust (expected to decrease consumers' income by 3 percent percent over the next year ) impacts the quantity of coffee Starbucks expects to sell?
It will change by ___ percent.
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