economics

Unit #2 . Price Elasticity a Saved Help Save & Exit 5 eBook Ldrena likes to play golf. How many times per year she plays depends on two things: [1)the price of playing a round of golf, and [2] Lorena's income and the cost of other types of entertainmentin particular, how much it costs to see a movie instead of playing golf. The three demand schedules in the table below Show now many rounds of golf per year Lorena will demand at each price underthree different scenarios. :_ $76,688 $78,966 $99,688 Movie Ticket Price: "\"1 a. Using the data under D1 and 02, calculate the cross elasticity of Lorena's demand for golf at all three prices. (To do this, apply the midpoinrs approach to the cross elasticity of demand.) lnstruclions: Round your answer to two decimal places. If you are entering any negative numbers be sure to include a negative sign (-I in front of those numbers. Cross elasticity of Lorena's demand at the price of $50 = Instructions: Round your answer to two decimal places. If you are entering any negative numbers be sure to include a negative sign (-I in front of those numbers. Education