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Calculate the elasticity of the following items: Item First Price-Quantity Second Price-Quantity Elasticity Steak Dinner $18.00 20,000 units $20,00 15,000 units 12-pak of Ramen Noodles

Calculate the elasticity of the following items:

Item	First Price-Quantity	Second Price-Quantity	Elasticity
Steak Dinner	$18.00 20,000 units	$20,00 15,000 units
12-pak of Ramen Noodles	$6.00 42,000 units	$4.00 51,000 units
Round Trip Airfare NYC-London	$1200 8,000 units	$700 13,000 units

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