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Ryan enjoys collecting vintage clothing in pristine condition from local boutiques. When Ryan was promoted from an entry-level role to an intermediate role, his income
Ryan enjoys collecting vintage clothing in pristine condition from local boutiques. When Ryan was promoted from an entry-level role to an intermediate role, his income rose 25%, and he purchased 37.5% more vintage items. For Ryan, the income elasticity of demand for vintage clothing is _____, and vintage clothing is a(n) _____ good. Question 5 options: 0.7; inferior 1.5; normal 0.7; inferior 1.5; normal
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