P,ease do help me answer this activities as soon as possible. I already put page numbers for easy format, thank you.

(b) Is Julie's demand for envelopes elastic or inelastic? Answer: Defend your answer on this box. 2 Qd, = 1,500 P1 = 100 adz = 1,000 P2 = 200 (a) Compute the own price elasticity of demand and indicate whether elastic or inelastic. Write your answers here. 3 Qd, = 15,000 P1 = 165 Qd, = 26,000 P2 = 250 (a) Compute the own price elasticity of demand and indicate whether elastic or inelastic. Write your answers here. Page 32) Activity 1: What I Know Chart What I Know Questions: What I Learned (Activity 4) 1. What is Market Equilibrium? 2. What are the differences between price ceiling and price floor? Page 53. Demand and Supply for Korean Food Price Quantity Quantity Answer: Demanded Supplied 50 160 140 Equilibrium Price: 55 155 155 Equilibrium Quantity: 70 140 160 80 130 170 Part 2 The market for pansit bilao has the following demand and supply schedules: Price (Php) Quantity Demanded Quantity Supplied 200 140 30 250 110 50 300 80 80 350 60 100 400 40 120 450 20 150 Answer the following questions: a. Graph the demand and supply curve. b. What is the equilibrium price and quantity in this market? c. . If the actual price in this market were above the equilibrium price, what would drive the market toward the equilibrium? d. If the actual price in this market were below the equilibrium, what would drive the market toward the equilibrium? Page 72) Activity 3: Skill-Building Activities Part 1 Direction: Answer the following problems, Indicate your solutions. Problem 1 : Yesterday, the price of envelopes was P3 a box, and Julie was willing to buy 10 boxes. Today. the price has gone up to P3.75 a box, and Julie is now willing to buy 8 boxes. (a) What is Julie's elasticity of demand? Answer: Solution: Page 2Part 2 Decrease in Price Take a look at the figure on the right Price Elasticity of Demand | Increase in Price Elastic Total Revenue side regarding the relationship of price Total Revenue elasticity of demand and total revenue Inelastic Total Revenue Total Revenue on the part of producers/suppliers. Given that illustration above, identify at least 5 examples of elastic and inelastic goods. 5 Examples of Elastic Goods 5 Examples of Inelastic Goods 2. 3. 4 4) Activity 5: Check for Understanding Direction: Complete the table below without looking at your concept notes. No. Elasticity Description If price Total Revenue Value (Ed) 1 Increase Inelastic Decrease Unit Elastic Increase >1 Increase Increase Page 45) Activity 5: Check for Understanding Answer the following questions: 1. How does market equilibrium exist? 2. What is the importance of price ceiling? 3. What is the importance of price floor? 4. How does surplus occur? 5. How does shortage occur? Page 82) Activity 1: What I Know Chart What I Know Questions: What I Learned (Activity 4) 1. What is Producer Surplus? 2. What do we mean by own price elasticity of demand? Page 13) Activity 3: Skill-Building Activities Part 1 Direction: Identify the equilibrium price and the equilibrium quantity of each of the schedule below, 1. Demand and Supply for Milk Tea Price Quantity Quantity Demanded Supplied Answer: 30 160 80 Equilibrium Price: 40 140 100 Equilibrium Quantity: 50 120 120 60 100 140 2. Demand and Supply for Cactus Price Quantity Quantity Demanded Supplied Answer: 50 160 140 Equilibrium Price: 60 150 150 Equilibrium Quantity: 70 140 160 80 130 170 Page 6