Table 57 -Refer to Table 5

question 192

Multiple Choice

Table 5.7
$$\begin{array} { c c c } & \text { Quantity } & \text { Income } \\\text { Good A } & 100 & \$ 1,000 \\& 120 & \$ 2,000 \\\\\text { Good B } & 200 & \$ 20 \\& 140 & \$ 35\end{array}$$
-Refer to Table 5.7,which shows the change in the quantity demanded for Good A and Good B as a result of a change in income.Use the information to calculate the value of the income elasticity of demand for Good A.

• A)1
• B)2/9
• C)3/11
• D)11/3
• E)9/2

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