Options for first 2 multiple choice: 1.00, 0.47, or 2.13;Options for 3rd and 4th multiple choice: .08, 1.86, 1.22, 0.10

v}: CENGAGE | MINDTAP Q Search this course 1 Module Three Quiz 0 x Back to Assignment Attempts 0,5 I I Keep the Highest 0,5 /2 6. Law of Demand 2 Suppose that your demand schedule for pizza is as follows: Price Quantity of Pizzas Demanded Quantity of Pizzas Demanded (Dollars) (Income = $20,000) (Income = $24,000) 8 40 50 10 32 45 12 24 3O 14 16 20 16 8 12 Using the midpoint method, your price elasticity of demand as the price of pizzas increases from $8 to $10 is V if your income is $20,000 and V if your income is $24,000. If the price of a pizza is $10, your income elasticity of demand is V as your income increases from $20,000 to $24,000. However, if the price ofa pizza is $12, your income elasticity is V . Grade It Now Save & Continue Continue without saving