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P Q Arc elasticity Point elasticity TR MR 7 100 14 700 6.5 200 13 1300 6 6 300 12 1800 5 5.5 400 11
P | Q | Arc elasticity | Point elasticity | TR | MR |
7 | 100 | 14 | 700 | ||
6.5 | 200 | 13 | 1300 | 6 | |
6 | 300 | 12 | 1800 | 5 | |
5.5 | 400 | 11 | 2200 | 4 | |
5 | 500 | 10 | 2500 | 3 | |
4.5 | 600 | 9 | 2700 | 2 | |
4 | 700 | 8 | 2800 | 1 | |
3.5 | 800 | 7 | 2800 | 0 | |
3 | 900 | 6 | 2700 | -1 | |
2.5 | 1000 | 5 | 2500 | -2 | |
2 | 1100 | 4 | 2200 | -3 | |
1.5 | 1200 | 3 | 1800 | -4 |
Correct and show me how to get the point elasticity in steps
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