Business, 29.01.2022 04:00 emmakatemashbu

Steve likes to hire the neighbor kids to mow his lawn. The neighbor kids charge $8 per lawn. Steve used to earn $1500 per month but recently had a salary increase and now makes $1800 per month. Before his pay increase he had the neighbor kids mow 4 times per month but now he has them mow only 2 times per month. What is Steve's income elasticity of demand for lawn mowing

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Steve likes to hire the neighbor kids to mow his lawn. The neighbor kids charge $8 per lawn. Steve u...

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