Business
Business, 20.02.2020 23:15, shiny9362

Lauren's salary decreases from $40,000 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.

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Lauren's salary decreases from $40,000 to $30,000. She decides to reduce the number of outfits she p...

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