Business, 05.09.2020 04:01 lorelaistudent

Tonya consumes 40 steaks a year when her yearly income is $40,000. After her income falls to $35,000 a year, she consumes only 35 steaks a year. Calculate her income elasticity of demand for steaks.

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Tonya consumes 40 steaks a year when her yearly income is $40,000. After her income falls to $35,000...

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