Use the Following to Answer Questions

question 300

Multiple Choice

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

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