Use the following to answer questions:
-(Table: Market for Pizza) If income changes from $1,000 to $1,400 per month, by the midpoint method, the income elasticity of demand at a price of $10 per pizza is:
A) 0.33
B) 0.57
C) 0.95
D) 1.2

Question

Use the following to answer questions: 
-(Table: Market for Pizza) If income changes from $1,000 to $1,400 per month, by the midpoint method, the income elasticity of demand at a price of $10 per pizza is:
A) 0.33 
B) 0.57 
C) 0.95 
D) 1.2

Quizplus · Accepted Answer

The Answer of Use the following to answer questions: 
-(Table: Market for Pizza) If income changes from $1,000 to $1,400 per month, by the midpoint method, the income elasticity of demand at a price of $10 per pizza is:
A) 0.33 
B) 0.57 
C) 0.95 
D) 1.2

Use the Following to Answer Questions