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Question 300

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Use the following to answer questions: 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
-(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

Correct Answer:

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