Business, 08.02.2021 23:10, thunder42

Blake eats two bags of potato chips each day. When Blake's hourly wage increases from $8 to $15, he decides to stop eating generic potato chips and starts eating a name brand potato chip. Use the midpoint method to calculate Blake's income elasticity of demand for generic potato chips. Round your answer to two decimal places.

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Blake eats two bags of potato chips each day. When Blake's hourly wage increases from $8 to $15, he...