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A movement along the demand curve, represented by points A and B. is shown in the diagram to the Demand fight Point A (60. 40)
A movement along the demand curve, represented by points A and B. is shown in the diagram to the Demand fight Point A (60. 40) is the initial point, and point B (70, 30) is the point after the price change, The textbook provides two methods for computing price elasticity of demand Using the information above, compute the price elasticity of demand using each of these methods. (Enter your responses rounded to two decimal places and include a minus sign if necessary ) Using the bad vakjos as a base, the plasticity of demand is Using the midpoint formula, the elasticity of demand is Price par unit (s) 40 :30 160 70 20 90 100 Curentity per unit of time Time Remaining: 00.34
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