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(Table: Martinez Family Household Income and Expenditures) Use Table: Martinez

Question 110

Multiple Choice

(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: (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.


A) -1.4.
B) approximately -0.7.
C) 0.
D) approximately 0.7.

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