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How an economic bust may impact Starbucks coffee sales

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If Starbucks's data analytics department estimates the income elasticity of demand for its coffee to be 2.95 , how will the prospect of an economic bust (expected to decrease consumers' incomes by 3 percent over the next year) impact the quantity of coffee Starbucks expects to sell? Instruction: Enter your response rounded to two decimal places. It will change by percent..

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If Starbucks's data analytics department estimates the income elasticity of demand for its coffee to be 2.95 , how will the prospect of an economic bust (expected to decrease consumers' incomes by 3 percent over the next year) impact the quantity of coffee Starbucks expects to sell? Instruction: Enter your response rounded to two decimal places. It will change by percent.

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  • 1. If Starbucks's data analytics department estimates the income elasticity of demand for its coffee to be 2.95 , how will the prospect of an economic bust (expected to decrease consumers' incomes by 3 percent over the next year) impact the quantity of coffee Starbucks expects to sell? Instruction: Enter your response rounded to two decimal places. It will change by percent.