Problem
A worker gets a 25% raise. As a result, he decides to eat out twice as much as before and cut back on the number of frozen lasagna dinners from once a week to once every other week. Determine the income elasticity of demand for eating out and for having frozen lasagna dinners.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.