Question 34 (1 point) Suppose the price of apples increases from $21 to $28, and in response quantity demanded decreases from 116 to 82. Using the mid-point formula, what is the price elasticity of demand? (Note: your answer should be correct to two decimal places.) Your Answer: Answer Question 35 (1 point) Lisa quit her $20000-per-year job to start her own economics consulting firm. At the end of her first year of operation, her total revenues were $116000. Her total explicit costs were $27000. What was her economic profit for the year? (Give response as a number, no commas, decimals, dollar signs, or otherwise.) Your Answer: Answer Question 36 (1 point) Suppose the price of gasoline decreases from $4.00 to $2.30, and in response quantity demanded increases from 10500 to 11100. Using the mid-point formula, what is the price elasticity of demand? (Note: your answer should be correct to two decimal places.) Your