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When a family had a monthly income of 2 , 0 0 0 dollars, they usually ate out 1 0 times a month. Now that
When a family had a monthly income of dollars, they usually ate out times a month. Now that the family makes dollars a month, they eat out times a month. Compute the family's income elasticity of demand using the midpoint method. Explain your answer. Is a restaurant meal a normal or inferior good to the couple? marks
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