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Table 5-2
Quantities Urchased -Refer to Table 5-2

Question 65

Multiple Choice

Table 5-2
Quantities urchased
 Income($)   Good X  Good Y 3000022050000510\begin{array}{|c|c|c|}\hline \text { Income(\$) } & \text { Good X } & \text { Good Y } \\\hline 30000 & 2 & 20 \\\hline 50000 & 5 & 10 \\\hline\end{array}
-Refer to Table 5-2.Using the midpoint method, what is the income elasticity of good Y?


A) -0.75
B) 0.75
C) -1.33
D) 0

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