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(Table: Market for Mexican Take-Out) Use Table: Market for Mexican Take-Out. If income changes from $1,000 to $1,400 per month, the income elasticity of demand,
(Table: Market for Mexican Take-Out) Use Table: Market for Mexican Take-Out. If income changes from $1,000 to $1,400 per month, the income elasticity of demand, computed using the midpoint method at a price of $18 per Mexican take-out meal, is: Table: Market for Mexican Take-Out Price (per meal) Quantity of Meals Demanded (income = Quantity of Meals Demanded (income = $1,000 per month) $1,400 per month) 20 3 7 18 44 8 16 5 14 6 10 12 11 10 8 12 9 13 10 14 0.33. 0.50. 0.95
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