-Figure 5-11 Shows Five Different Levels of Income for a Particular

Multiple Choice

-Figure 5-11 shows five different levels of income for a particular state (in billions of dollars) and the quantity of public higher education demanded there (for a given level of tuition) .What is the income elasticity of demand if income rises from $45 billion to $55 billion?

A) 1.00
B) 0.06
C) -1.00
D) 0
E) none of these