price ($)	Quantity demanded	Quantity supplied
5	30	4
6	28	6
7	26	10
8	22	14
9	18	18
10	14	22
11	10	28
12	5	30

Use the midpoint method for elasticity to solve questions A-B

1. Calculate the price elasticity of demand as price moves from $6 to $7 above

2. Calculate the price elasticity of supply as price moves from $11 to $12 above

3. From question A above, is the price elasticity elastic, inelastic or unitary?

4. From question B above, is the price elasticity elastic, inelastic or unitary?

5. Graph the table above

6 To get full points, show your workings (calculations) for A and B and explain your answer