(3 points) In a very small town, Bill and Jared are the only potential buyers from the local fisherman. Bill's demand function for pounds of fish is given by qB = 20 - p, where qB is the number of pounds of fish demanded, and p is the price of a pound of fish. Jared has the same reservation price as Bill. However, at any amount below the reservation price, Jared is willing to buy twice as many pounds of fish as Bill. V 2nd attempt Part 1 (1 point) x Feedback See Hint Suppose the price of fish is $14.00 per pound. The absolute value of the price elasticity of the market demand at that point is X 1.85 . Give your answer to two decimals. Part 2 (1 point) X Feedback See Hint Suppose instead that the quantity demanded in the market is 36.00. The absolute value of the price elasticity of the market demand at that point is 11 . Give your answer to two decimals