Please answer the following questions: . The price of strawberries falls from $1.50 to $1.00 per carton and quantity demanded goes from 100,000 to 200,000. Use the mid point formula to find price elasticity of demand . The price elasticity for 4,000 movie tickets at a price of $5 is 1.0. Using the mid point formula calculate the percentage by which theater owners must reduce price in order to sell 5,000 tickets. . The price elasticity of demand for ice cream cones is 1.2 at a current price of .50 cents; consumption is 100,000 cones. Calculate the change in quantity demanded when prices rise by .05 cents Indicate whether demand is elastic, inelastic, or unitarily elastic . Total revenue decreases when prices increase . Total revenue falls when output decreases Producers in an industry find they can increase their total revenues by working together to reduce industry output What is the elasticity of the following: . Demand for antidote for a snakebite victim Demand by students for green erasers