(Table: Martinez Family Household Income and Expenditures) Use Table: Martinez Family Household Income and Expenditures. The Martinez's income elasticity of demand for falafels, computed using the midpoint method, is:
A)-1.4.
B)approximately -0.7.
C)0.
D)approximately 0.7.

Question

(Table: Martinez Family Household Income and Expenditures) Use Table: Martinez Family Household Income and Expenditures. The Martinez's income elasticity of demand for falafels, computed using the midpoint method, is: 
A)-1.4. 
B)approximately -0.7. 
C)0. 
D)approximately 0.7.

Quizplus · Accepted Answer

The Answer of (Table: Martinez Family Household Income and Expenditures) Use Table: Martinez Family Household Income and Expenditures. The Martinez's income elasticity of demand for falafels, computed using the midpoint method, is: 
A)-1.4. 
B)approximately -0.7. 
C)0. 
D)approximately 0.7.