Now, assume that Hillarys annual income changes from $55,000 to $60,000 and this promtps a change in
Fantastic news! We've Found the answer you've been seeking!
Question:
Now, assume that Hillary’s annual income changes from $55,000 to $60,000 and this promtps a change in the number of 16oz pumpkin lattes she consumes annually. Find the number of lattes that Hillary consumes after the income change, if she used to consume 360 lattes before experiencing an income change, and the income elasticity is 1.25.
Related Book For
Financial Management for Public Health and Not for Profit Organizations
ISBN: 978-0132805667
4th edition
Authors: Steven A. Finkler, Thad Calabrese
Posted Date: