Elasticities Suppose that we are thinking about a farmers market for mangos. As the price adjusts, sellers are able to see all the sales they are able to make at these given prices. This produces a demand schedule for mangos given by:

Price	Quantity
$5.00	0
$4.50	5
$4.00	10
$3.50	15
$3.00	20
$2.50	25
$2.00	30
$1.50	35
$1.00	40
$0.50	45
$0.00	50

11. Suppose that the price drops from $4.00 to $3.50. Calculate the elasticity of demand for this part of the demand curve and show that the elasticity of demand is elastic over this range. Show your work. 12. Name another $0.50 range of the Demand Curve where the elasticity of Demand is inelastic. Show that it is inelastic by calculating the elasticity of demand there.