Business, 22.04.2020 15:15 springlcp2nk7h

Lauren's salary decreases from $44,000 to $30,000 . She decides to reduce the number of outfits she purchases each year from 20 to 19. Use the midpoint method to calculate the income elasticity of demand for new outfits. Round your answer to two decimal places. income elasticity:This good isa normal good. an inferior good. a luxury good.

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Lauren's salary decreases from $44,000 to $30,000 . She decides to reduce the number of outfits she...

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