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It is 2028, and you have just been made regional manager covering the the Gaslight district of Trumpistan for a firm selling pre- prepared meal

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It is 2028, and you have just been made regional manager covering the the Gaslight district of Trumpistan for a firm selling pre- prepared meal subscriptions. Importantly, the home office sets the same price in all regions, choosing what is best for the company as a whole. You have been given the data about your region. 2026 2027 subscriptions 2,000 2,100 monthly subscription $100 $90 price average income $100,000 $100,000 What valid inferences about demand in the Gaslight district can you draw from this data? Demand is price elastic. Income elasticity of demand equals 1. O Demand is price elastic. Income elasticity of demand equals 0 Demand is price elastic. Subscriptions may be either normal or inferior Demand is price inelastic. Income elasticity of demand equals 1. Demand is price inelastic. Income elasticity of demand equals 0 Demand is price inelastic. Subscriptions may be either normal or inferior

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