The average annual income rises from $25,000 to $30,000, and the quantity of bread consumed in a year by the average per

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answerhappygod
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The average annual income rises from $25,000 to $30,000, and the quantity of bread consumed in a year by the average per

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The average annual income rises from $25,000 to $30,000, and thequantity of bread consumed in a year by the average person fallsfrom 32 loaves to 26 loaves.
What is the income elasticity of bread consumption? Round youranswer to two decimal places
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