Given the following Demand Schedule of Commodity X.

1. Solve and graph for the price elasticity of Demand.
2. State the coefficient whether it is Elastic; Inelastic and Unitary

1.Original Qty. demanded = 10,000 kilos

Original Price = P50.00/kilo

New Quantity demanded = 16,000 kilos

New Price = P40.00/kilo

2. Original Qty. demanded = 1,000 kilos

Original Price = P5.00/kilo

New Quantity demanded= 1,100 kilos

New Price = P4.00/kilo

3. Original Qty. demanded= 10,000 kilos

Original Price= P5.00/kilo

New Quantity demanded = 12,000 kilos

New Price = P4.00/kilo