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P Consider the following information about Mary's demand for milk shakes at different income levels. Mary's Income = 1,235 Mary's Income=1,669 P QD QD 94.6

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P Consider the following information about Mary's demand for milk shakes at different income levels. Mary's Income = 1,235 Mary's Income=1,669 P QD QD 94.6 5.1 106 14.4 87 92 174 18.4 80 25.7 62 73 5.1 14.4 18.4 25.7 Assume that the price of milk shakes is $14.4 and Mary's income goes from $1,235 to $1,669. Using the midpoint formula what is Mary's income elasticity of demand

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