Question $5$

Refer to the table below to answer the question. Assume that factors that may change demand but are not listed in the table do not change between the months listed.

$\backslash$table$[[$Month$,\backslash$table$[[$Average$],[$Income$]],$Price of milk,$\backslash$table$[[$Quantity$],[$Demanded of$],[$milk$]],\backslash$table$[[$Price of$],[$cookies$]],\backslash$table$[[$Quantity$],[$Demanded of$],[$cookies$]]],[$November$,$$$70,$$$5,5,$$$2,3],[$December$,$$$50,$$$5,1,52,5],[$January$,$$$70,$$$3,11,$$$2,5],[$February$,$$$90,$$$3,4,$$$4,4]]$

What is the price elasticity of demand for cookies $($after taking absolute value$)?$

$4$

$\frac{1}{4}$

It cannot be calculated accurately based on the data given.

$2/3$

$3/2$