Sylvia's annual salary increases from $100,000 to $109,500. Sylvia decides to increase the number of vacations she takes per year from three to four. Use the midpoint method to calculate her income elasticity of demand for vacations. Round your answer to two decimal places. units units This good is a. an inferior good. b. a normal good and income-elastic. c. a normal good and income-inelastic.
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Sylvia's annual salary increases from $100,000 to $109,500. Sylvia decides to increase the number of...
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