a.Determine the price elasticity of demand at each quantity demanded using the are or midpoint formula: percentage change in quantitydemanded= [Q2-Q1]Q1 divided by percentage change in price=[P2-P1]/P1

b.Redo exorxise 1a using price changes of $10 rather than $5.

1-4. antity Demanded 100 80 60 40 In 20 10 Price $5 $ 10 $15 $ 20 $25 $ 30 Elasticity and at each g. C S 7. Expl will incor 8. Calc lowin Incor $15,C $20,C