3/5/2021 APPLY Elasticity Digital Interactive-UGUR KARATAS Student: UGUR KARATAS Instructor: Laura Storino Date: 3/5/21 Course: Spr 2021 Microecon 50:220:102:92 Assignment: APPLY Elasticity Digital Interactive 5. Consider the market for a new DVD movie, where the price is initially $10 and 40 copies are sold per day at a superstore, as indicated in the figure to the right. 30- 28- The superstore is considering lowering the price to $6. What is the price elasticity of demand between these two prices (use the Midpoint Formula)? The price elasticity of demand is (Enter your response as a real number rounded to two decimal places.) Price (dollars per copy) A B D 4 8 12 16 20 24 28 32 36 40 44 48 52 56 60 Quantity (copies per day)