The table shows the average income of households and the quantity demanded of products M and N at income. Year 1 2 3 4 Average Income $44,000 44,000 44,000 50,000 -0.85 Price of M $2.40 2.70 2.70 2.70 Quantity of M 105 95 85 95 -0.07 Price of N $18 18 26 26 a) What is the price elasticity of demand for product M between years 1 and 2? Round your answers to 2 c Quantity of N 820 800 780 810 b) What is the price elasticity of demand for product N between years 2 and 3? Round your answers to 2 c me elasticity of demand for product M between years 3 and 4? Round your answers to 2

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