LILICHI VEINICIIM ONIV FFILE LIDSLICILY LACILISE I JAIYO The table below shows the weekly demand for machine screws at the local hardware store. Demand for Machine Screws Price (dollars per Quantity (packs of pack) 100 screws $6 .00 0 5.50 60 5.00 120 4.50 180 4.00 240 3.50 300 3.00 360 2.50 120 2.00 480 1.50 540 1.00 600 Instructions: Round your answers to two decimal places. If you are entering a negative number include a minus sign. a. Using the starting point method, what is the price elasticity of demand from a price of $5.50 to a price of $5.00 per pack of 100 screws? b. Using the starting point method, what is the price elasticity of demand from a price of $3.50 to a price of $3.00 per pack of 100 screws? c. Using the starting point method, what is the price elasticity of demand from a price of $2.00 to a price of $1.50 per pack of 100 screws?