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Question 41 (2 points) Price Quantity Total Revenue Ed Characteristic $80 $70 50 $60 100 $50 150 $40 200 $30 250 $20 300 $10 350

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Question 41 (2 points) Price Quantity Total Revenue Ed Characteristic $80 $70 50 $60 100 $50 150 $40 200 $30 250 $20 300 $10 350 Using the midpoint formula, what is the Ed when the price changes from $30 to $20? A/ Is the price change from $30 to $20 elastic, inelastic, or unitary? Question 42 (2 points) Price Quantity Total Revenue Ed Characteristic $80 $70 50 $60 100 $50 150 $40 200 $30 250 $20 300 $10 350 Using the midpoint formula, what is the Ed when the price changes from $20 to $10? A Is the price change from $20 to $10 elastic, inelastic, or unitary? A/

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