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QUESTION 1 Enter your answer directly in the table below. The demand for winter jackets is given in the following table. Calculate the total consumer

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QUESTION 1 Enter your answer directly in the table below. The demand for winter jackets is given in the following table. Calculate the total consumer expenditure for each price level. Price Per Unit Quantity Demanded Total Expenditure A 350 21 B 300 31 250 44 D 200 61 E 150 79 QUESTION 2 Refer to the table in Question 1 above. Calculate the price elasticity of demand between each of the following points: The price elasticity of demand between points A and B is The price elasticity of demand between points B and C is The price elasticity of demand between points C and D is The price elasticity of demand between points D and E is Over what range is the price elasticity of demand elastic? Over what range is the price elasticity of demand inelastic

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