File Insert Draw Page Layout Formulas Data Review View Help QuickBooks Search Share Comments Home Insert Calibri 11 A" A ag General AY O BX Delete Paste BIUBLA Conditional Format as Sort & Find & Ideas 5 v $ ~ % 9 08 :20 Cell Formatting " Table Styles Format Filter ~ Select Clipboard Font Alignment Number Styles Cells Editing Ideas i UPDATES AVAILABLE Updates for Office are ready to be installed, but first we need to close some apps. Update now L14 X V fx G K L M A B D E H HAMBURGERS P1/ Income 1 P2/Income 2 Q1 Q2 Hambuger Price Data $6.00 $8.0 50,000,000 40,000,000 $40,000 $50,000 50,000,000 45,000,000 UI AWN - Customer Income Data For Price o Change in Price Change in Quantity Point Method FIRST Arc Method CALCULATE For Income [like Change in Income % Change in Quantity Point Elasticity] 60 00 THEN CALCULATE 10 Point Own Price Elasticity 11 ARC Own Price Elasticity 12 Income Elasticity 13 THEN ANSWER THE FOLLOWING QUESTIONS 14 (1) Is this Product "Relatively Inelastic" or "Relatively Elastic' 15 (2) Is thisa "Normal", "Inferior" or "Luxury" Product [Good] 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Elasticity Assignment Sheet3 +