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NOTE: Keep in mind Elastic: ED>1, Inelastic: ED NO/ E Keep m mmd Elastic: 5>1, Inelastic: Eel, Unit Elastic: Eo=l. What happens to ED if

NOTE: Keep in mind Elastic: ED>1, Inelastic: ED

NO/ E Keep m mmd Elastic: 5>1, Inelastic: Eel, Unit Elastic: Eo=l. What happens to ED if the price changes from $16 to $18? Change from S4 to $6? z o $90 50 10 2 4 6 8 10 12 QUANTITY 14 16 18 I Page 29

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