Please help

You own a hot dog stand that you set up outside the student union every day at lunch time. Currently, you are selling hot dogs for a price of $3, and you sell 30 hot 4- dogs a day (point A on the diagram). You are considering cutting the price to $2. The graph shows two possible increases in the quantity sold as a result of your price cut. Use the information in the graph (new quantities are given on the A horizontal axis) to calculate the price elasticity between these two prices on each of 3-... the demand curves. Use the midpoint formula to calculate the price elasticities. On the demand curve containing the points "A" and "B", the price elasticity of C B demand for a price cut from $3 to $2 is (Hint: Include the negative sign and Price (dollars per hot dog) 2- enter your response rounded to two decimal places.) D2 1- D1 :34 :60 0 10 20 30 40 50 60 70 80 Quantity (hot dogs per day)