Price Elasticity of Demand Worksheet Compute the elasticity of demand for each change. Show your work. (2 points each) Quantity Demanded % change % change Quantity Demanded Price old 25 40 200 50 1. 2. 3. new 4. 30 70 220 75 old 100 120 80 150 new 40 90 64 135 Name Price Elasticity of Demand 1. In each case, identify whether you would describe it as elastic / unit elastic / inelastic. (1 point each) 2. 3. 4.

Price Elasticity of Demand Worksheet Name Compute the elasticity of demand for each change. Show your work. (2 points each) In each case, identify whether you would describe it as elastic/ unit elastic / inelastic. (1 point each) 1. 2. 3. 4