Answer the following

Question 5 (1 point) Calculate the demand coefficient of elasticity for this problem. As price changes from $3 to $4, demand decreases from 3 units to 1 unit. Hint: | %4Q/%AP | Remember, take the absolute value of the resulting coefficient. Coefficient is less than 1 Coefficient is 1 Coefficient is more than 1 Od Undefined Question 6 (1 point) The Demand curve appears more ELASTIC than inelastic. True False Question 7 (1 point) Match the statements about supply and demand curves with the correct answer. Column A Column B Demand curve can shift because of... a. advertising or future confiden 2. Supply curve can shift because of... b. changes in manufacturing cos c. changes in market price 2,634 21 4 MacBook Air 20 888