Use the Table Below to Answer the Following Question

question 22

Multiple Choice

Use the table below to answer the following question.
Table 4.2.1

-Consider the information in Table 4.2.1. Select the best statement.

• A)The income elasticity of demand is -2.5.
• B)The income elasticity of demand is 2.5.
• C)The income elasticity of demand is -3.33.
• D)The income elasticity of demand is 3.33.
• E)We cannot calculate the income elasticity of demand because both income and price are changing at the same time.

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