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Becky only eats out at Macaroni Grill, and she eats out three times per month. She receives a raise from $31,000 per year to $33,500 per year and decides to eat out five times per month. Use the midpoint method to calculate the monthly income elasticity of demand for eating out. Round your answer to two decimal places.
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Becky only eats out at Macaroni Grill, and she eats out three times per month. She receives a raise...
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