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Table 5-2 Quantity of Good X Quantity of Good Y Income Purchased Purchased $30 000 2 20 $40 000 5 10 18. Refer to Table

Table 5-2 Quantity of Good X Quantity of Good Y Income Purchased Purchased $30 000 2 20 $40 000 5 10 18. Refer to Table 5-2. Using the midpoint method, what is the income elasticity of good Y? a. -3.33 b. -2.33 C. -1.20 d. 1.33

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