Is steak a normal or inferior good for mabel

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Problem: Mabel recently received a pay increase at work. She was making $50,000 but is now making $75,000. She used to consume steak once per week but now eats it 3 times a week after her pay raise. Is steak a normal or inferior good for Mabel? Is she income elastic or inelastic for this good? Show your work.

Reference no: EM133659839

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