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Price 22 20- A 18 - - 16 + 14 B 12 10 Demand 100 200 300 400 500 600 700 800 900 Quantity (1)

Price 22 20- A 18 - - 16 + 14 B 12 10 Demand 100 200 300 400 500 600 700 800 900 Quantity (1) Using the midpoint method, compute the price elasticity of demand between points A and B. Is this portion of the curve elastic or inelastic? (2) Using the midpoint method, compute the elasticity of demand between points B and C. Is this portion of the curve elastic or inelastic

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