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Add a column to the initial table showing the price elasticity of demand at each price level. What is happening to the elasticity (increasing, decreasing,

Add a column to the initial table showing the price elasticity of demand at each price level. What is happening to the elasticity (increasing, decreasing, constant)? as price gets lower? Why?According to the current elasticity of demand in this market equilibrium, which decision would be more profitable to the supplier; to raise the price or to lower it? Why?

Quantity of equipment Demanded Price Quantity of equipment supplied
275 0 0
250 100 50
225 150 75
200 200 100
175 250 125
150 300 150
125 350 175
100 400 200
75 450 225
50 500 250
25 550 275
0 600 300

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