A local firm produces three type of burger, for delivery to homes in the area. The owners

have completed a survey and discover that the demand for each of the three type of

burger. The schedules are shown below: (Quantitative are pre-week). Calculate the Price

Elasticity demand (PED) for burger A, burger B and burger C when the price:

1. Increase from $ 9 to $10

2. Decrease from $8 to $6

To calculate the price elasticity demand. For each of calculation show the steps.

Explain how responsive the households are towards the price changes.

Price Burger A (quantity demand) Burger B (quantity demand) Burger C (quantity demand)

12 800 0 100

11 840 0 200

10 880 400 300

9 920 800 400

8 960 1200 500

7 1000 1600 600

6 1040 2000 700