The average annual income rises from $25,000 to $30,000, and the quantity of bread consumed in a year by the average per
Posted: Sun Jul 03, 2022 6:51 am
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
What is the income elasticity of bread consumption? Round youranswer to two decimal places