Income [ Dollars] Quantity demanded 18,000 60 22,000 140 The table above gives Nick’s demand for groupnd beef at two different income levels. Use the midpoint method in this proble. a. What is Nick’s...

Income  [ Dollars]                                 Quantity demanded
18,000                                                            60

22,000                                                           140

The table above gives Nick’s demand for groupnd beef at two different income levels. Use the

midpoint method in this proble.

a. What is Nick’s income elasiticity of demand

b. Is ground beef normal or an inferior good