The average annual income rises from $25,000 to $38,000, and the quantity of bread consumed in a year by the average per

[answerhappygod]

The average annual income rises from $25,000 to $38,000, and thequantity of bread consumed in a year by the average person fallsfrom 30 loaves to 22 loaves. What is the income elasticity of breadconsumption? Is bread a normal or an inferior good? Is it possiblefor a normal good to become an inferior good? Is it possible for aninferior good to become a normal good? Explain in detail andprovide examples.
Please review the provided rubric to determine how points willbe earned on this assignment.
A minimum of 3-4 paragraphs should be submitted with enoughdetail to provide backup for your answer, and evidence that youunderstand the topic
In beginner economic terms please