Ashley received a raise at work that increased her monthly income from $1,000 to $1,250. Last year, Ashley bought 20 slices of c

Question

1 year ago

12

Ashley received a raise at work that increased her monthly income from $1,000 to $1,250. Last year, Ashley bought 20 slices of c

heesecake for her birthday party. Due to her increase in income, she is able to buy 24 slices for her birthday this year. Using the mid-point formula, the income elasticity is _________ and the cheesecake slices are __________ goods.

Business

1 answer:

zysi [14] · Answer 1 · 2024-01-07T22:50:14+03:00

zysi [14]1 year ago

8 0

Answer:

0.8; normal

Explanation: