1.Using the midpoint formula, calculate elasticity for each of the following changes in demand. Demand for: Q...

1.Using the midpoint formula, calculate elasticity for each of the following changes in demand.

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Demand for: Q Q2 Pz P a. Cashews $7.50 $6.00 800. 1,000 per per pounds. pounds. pound pound per month per month b. Portable hard drive (4 terabytes) $80 $120 75 per 65 per year year c. 6-gauge $0.60 $0.45 2,500 5,000 copper wire per per lineal feet lineal feet lineal lineal per week per week foot foot