Last year Lana's income was $32500, the number of times she dined out was 31 and the average price of a meal was $20. This year her income totaled $35000, she dined out a total of 39 times and the average price of a meal was $23. What is Lana's income elasticity of demand for dining out?

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Last year Lana's income was $32500, the number of times she dined out was 31 and the average price of a meal was $20. This year her income totaled $35000, she dined out a total of 39 times and the average price of a meal was $23. What is Lana's income elasticity of demand for dining out?

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