Let’s practice the midpoint formula. Calculate the elasticity of demand for each of the following goods or services. pg69

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Beginning Beginning Ending Ending Good or Service Price Quantity Price Quantity Elasticity Daily movie ticket sales in $6 50,000 $10 40,000 Denver, Colorado Weekly milk sales at Loma Vista $1 1,000 $1.50 800 Elementary School Weekly round-trip ticket sales, $500 10,000 $1,000 9,000 New York to San Francisco Annual student enrollments, $6,000 40,000 $9,000 39,000 Upper Tennessee State University