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Question 3 : (7 marks) Refer to the information provided in Figure 1 below to answer the questions that follow. $ 10 8 Price 2 1 2 3 4 5 Number of hamburgers Figure 1 3. Calculate the Elasticity of demand if the price increases from 2 to 6 b. Calculate the Elasticity of demand if the price increases from 8 to 10 c. Suppose that the income increases from 10 000 to 12 000$ Price Demand 1 (income= 10 000) Demand 2 (income= 12000) 2 5 8 4 4 7 6 3 6 Calculate the income elasticity when the price is 2