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CENGAGE I MINDTAP Module Three Quiz o. caw or oemano Suppose that your demand schedule for pizza is as follows: Q Search thi% course Price (Dollars) 8 10 12 14 16 Quantity ot Pizzas Demanded (Income = $20,000) 32 24 16 8 Quantity of Pizzas Demanded (Income - $24,000) 50 45 30 20 12 Using the midpoint method, your price elasticity of demand as the price of pizzas increases from $10 to $12 is if your income is $20,000 and if your income is $24,000. If the price of a pizza is $12, your income elasticity of demand is as your income increases from $20,000 to $24,000. However, if the price of a pizza is S 16, your income elasticity is CENGAGE I MINDTAP Module Three Quiz o. caw or oemano Suppose that your demand schedule for pizza is as follows: Q Search thi% course Price (Dollars) 8 10 12 14 16 Quantity ot Pizzas Demanded (Income = $20,000) 32 24 16 8 Quantity of Pizzas Demanded (Income - $24,000) 50 45 30 20 12 Using the midpoint method, your price elasticity of demand as the price of pizzas increases from $10 to $12 is if your income is $20,000 and if your income is $24,000. If the price of a pizza is $12, your income elasticity of demand is as your income increases from $20,000 to $24,000. However, if the price of a pizza is S 16, your income elasticity is