If Cassandra bought 12 blouses last year when her income was $46,000 and she buys 14 blouses this year when her income is $52,000, then her income elasticity of demand for blouses is approximately a.-2.52. ob. + 1.26 c - 0.80. d. - 1.26. e. + 0.80.
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Home » Business » If Cassandra bought 12 blouses last year when her income was $46,000 and she buys 14 blouses this year when her income is $52,000, then her income elasticity of demand for blouses is approximately a.-2.52. ob. + 1.26 c - 0.80. d. - 1.26. e. + 0.80.