The following table shows a portion of the demand schedule for a particular good at various levels of income. Price Quantity Quantity Demanded Demanded (Income = 30,000) (Income = 40,000) AED AED 300 4 240 200 8 160 600 900 12 120 1200 16 80 1500 20 40 1800 24 1. Using the midpoint method, compute the price elasticity of demand between 80 and 120? when income equals 10,000. Interpret your answer. 2. Using the midpoint method, Compute the income elasticity of demand when income rises from 10,000 to 40.000 at a price of 120