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Quantity Price Elasticity Demanded $ of Demand ED 265 K 8 XXXXXX 190 16 110 24 65 32 40 40 Problem 2 b: Elasticity of

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Quantity Price Elasticity Demanded $ of Demand ED 265 K 8 XXXXXX 190 16 110 24 65 32 40 40 Problem 2 b: Elasticity of Demand: Referencing the table shown above, calculate the Elasticity of Demand ED coefficients. (Round your answers to 2-places after the decimal and enter into the answer boxes in the table.) Formula: ED = %QD + % AP = [(Q2 - Q1) :(Q2 + Q1)] : [(P2 - P1) :(P2 + P1)]

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