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Based on the following P and Q data, calculatethe price elasticity ofdemand for each possible price change and quantity demanded change (e.g. when price changes from $5 to $4 followed by a change in quantity demanded from 1 to 2, etc.). Provide your Price Elasticity of Demand calculations and answers for A, B, C, and D.

Product Price (P) Quantity Demanded(Q) Price Elasticity of Demand

$5 1

$4 2 A =

$3 3 B =

$2 4 C =

$1 5 D =