Question: You read a study showing wages are increasing. Also, in the news, you see Congress and the president passed a fiscal stimulus that gives each

You read a study showing wages are increasing. Also, in the news, you see Congress and the president passed a fiscal stimulus that gives each consumer a tax refund of 500 dollars. Explain how these two events may changes sales if your product has a high-income elasticity versus a low-income elasticity.

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5. It is the needs of the individual that are important.

6. It is what the person has previously done for the group that is the deciding factor.