Sylvias annual salary increases from 100500 to 109500 and


Sylvia's annual salary increases from $100,500 to $109,500, and she decides to increase the number of vacations she takes per year from 3 to 4. Calculate her income elasticity of demand for vacations.

Normal or Inferior good?

Elastic or Inelastic?

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Business Economics: Sylvias annual salary increases from 100500 to 109500 and
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