Multiple Choice
(Table: Market for Mexican Take-Out) When income changes from $1,000 to $1,400 per month, the income elasticity of demand for Mexican take-out meals, computed using the midpoint method at a price of $14 per meal, is:
A) -1.
B) 1.
C) 1.25.
D) 1.5.
Correct Answer:

Verified
Correct Answer:
Verified
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