Problem
In 1997, the shares of consumers who had cable television service were 59% for people with incomes of $25,000 or less; 66%, $25,000-$34,999; 67%, $35,000-$49,999; 71%, $50,000-$74,999; and 78%, $75,000 or more. What can you say about the income elasticity for cable television?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.