Laurens salary decreases from 34000 to 30000 she decides to


Lauren's salary decreases from $34,000 to $30,000. She decides to reduce the number of outfits she purchases each year from 20 to 19.

A. Use the midpoint method to calculate the income elasticity of demand for new outfits.

 

B. The good is:

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Business Economics: Laurens salary decreases from 34000 to 30000 she decides to
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