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When the shaffers had a monthly income of $8000, they would usually eat out eight times a month.Now that the couples make $8500 a month,they
When the shaffers had a monthly income of $8000, they would usually eat out eight times a month.Now that the couples make $8500 a month,they eat out ten times a month.Compute the couple income elasticity of demand using the midpoint method.Explain your answer .(Is restaturant meal a normal or inferior good to the couple)
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