GRNPH\ Demand\ More\ Inetastic\ DATA\ ($) Price\ Lon Hon\ Demand;

P=$6.00-0.100(Q_(d))

\ \\\\table[[

P_(1)

,

$3.00

,

Q_(1)

,30.0],[

P_(2)

,

$3.00

,

Q_(2)

,30.0]]\ (s) Price\ 3.00\ Use the interoctive obove to calculate the following problems:\ Instructions: After interocting on your own with the model obove press the "Reset" button. Use the Demond Slider in the "Settings" to hove your demand curve match the equation listed. Use the obsolute volve for your answer. (no minus sign). Round your answer to one decimsl plsce ot the end of your colculations.\ At the initiol demsind curve {Demand:

P=$6.00-0.100(Qd)

\ B. Using the midpoint method, what is the price elosticity of demand when the price changes from

$3.00(P_(1))

to

$4.00(P_(2))

?\ b. What describes this price chonge?\ Instructions: Use the Demand Slider in the "Settings" to hove your demand curve motch the more elostic demond curve Demand: P-$4.80-0.060(ad)}. Use the absolute volue for your answer (no minus sign) Round your answer to one decimal place at the end of your colculations:\ c. Using the midpoint method, what is the price elosticity of demand when the price chonges from

$3.00(P_(1))

to

$4.00(P_(2))

?\ d. What describes this price chonge:\ Instructions: Use the Demand Slider in the 'Settings' to hove your demand curve motch the more elostic demand curve fDemand: P-$6.75-0.125(Qd)}. Use the obsolute volue for your onsver (no minus sign). Round your onswer to one decimal place ot the end of your calculations.\ Prev

Demand; P=$6.000.100(Qd) Use the interoctive obove to calculate the following problems: Instructions: After interscting on your own with the model obove press the "Reset" button. Use the Demond Slider in the "Settings" to hove your demand curve motch the equation listed. Use the obsolute volue for your answer. (no minus sign). Round your answer to one decimsl plsce at the end of your colculations. At the initiol demond curve \{Demand: P-\$6.00-0.100(Qd)\} 0. Using the midpoint method, what is the price elosticity of demand when the price changes from $3.00(P1) to $4.00(P2) ? b. Whot describes this price chonge? Instructions: Use the Demand Slider in the "Settings" to hove your demand curve motch the more elostic demond curve (Demand: P-\$4.80-0.060(Qd)\}. Use the absolute volue for your answer (no minus sign) Round your answer to one decimal piace at the end of your colculations. c. Using the midpoint method, what is the price elosticity of demand when the price chonges from $3.00(P1) to $4.00(P2)2 d. What describes this price chenge? Instructions: Use the Demand Slider in the 'Settings' to hove your demand curve motch the more elostic demand curve fDemand: P-\$6.75-0.125(Gd)\}. Use the obsolute volue for your onswer (no minus sign). Round your onswer to one decimal place ot the end of your calculations