Lauren's salary decreases from $34,000 to $30,000. She decides to reduce the number of outts she purchases each year from 20 n to 19. Use
Lauren's salary decreases from $34,000 to $30,000. She decides to reduce the number of outts she purchases each year from 20 n to 19. Use the midpoint method to calculate the income elasticity of demand for new outts. Round your answer to two decimal places. income elasticity: This good is O a normal good. 0 an inferior good. 0 a luxury good
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