Use the figure below to answer the following questions: a. Calculate price elasticity at point S using

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Use the figure below to answer the following questions:

imagea. Calculate price elasticity at point S using the method?image

b. Calculate price elasticity at point S using the method E = P / P -A.

c. Compare the elasticities in parts a and b. Are they equal? Should they be equal?d. Calculate price elasticity at point R.

e. Which method did you use to compute E in part d,?image

Why?

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