If Starbucks’s marketing department estimates the income elasticity of demand for its coffee to be 2.8, how will the prospect of an economic bust (expected to decrease consumers’ incomes by 5 percent over the next year) impact the quantity of coffee Starbucks expects to sell?

The percent change in quantity is -0.14%.

Step-by-step explanation:

The formula to compute the change in quantity is:

The income elasticity of demand is 2.80.

Percent change in price is -5% (since the prices decreases)

Compute the percent change in quantity demanded as follows:

Thus, the percent change in quantity is -0.14%.

you forgot the options, but i found them anyways, the correct answer is "john wilson believes that words and actions based on the intellect are superior to those based on emotions".

john wilson is depicted as an extremely intelligent man. the point of the excerpt is to make a sort of distinction between emotional and rational intelligence. he happens to have both attributes, but he clearly favors his intellectual gifts. at the same time, because of his religious background, he's a little bit conflicted with this and it makes him ashamed.

hope this !