Question: 5 . Problems and Applications Q 7 Suppose that your demand schedule for pizza is as follows: Using the midpoint method, your price elasticity of

5. Problems and Applications Q7
Suppose that your demand schedule for pizza is as follows:
Using the midpoint method, your price elasticity of demand as the price of pizzas increases from \(\$ 8\) to \(\$ 10\) is if your income is \$20,000 and if your income is \(\$ 24,000\).
If the price of a pizza is \(\$ 10\), your income elasticity of demand is as your income increases from \(\$ 20,000\) to \(\$ 24,000\). However, if the price of a pizza is \$14, your income elasticity is
5 . Problems and Applications Q 7 Suppose that

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