The table above shows tax liabilities associated with various income levels under a hypothetical tax system. What is the elasticity of tax liability with respect to income when income increases from $50,000 to $60,000?

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Use the table beiow to answer the following question. Total lncome Tax Liability 550.000 S60,000 $70.000 $80.000 580,000 $5,000 $7,000 $9,000 $11.000 $13.000 Use the table beiow to answer the following question. Total lncome Tax Liability 550.000 S60,000 $70.000 $80.000 580,000 $5,000 $7,000 $9,000 $11.000 $13.000