Multiple Choice
(Table: Market for Pizza) Look at the table Market for Pizza.In the table, when income changes from $1,000 to $1,400 per month, the income elasticity of demand for pizza at a price of $14 per pizza is:
A) -1.
B) V1.
C) 1.25.
D) 1.5.
Correct Answer:
Verified
Correct Answer:
Verified
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