Refer to theUnit 3 Learning Journal Elasticity Tables documentto complete the assignment.

1. Calculate the price elasticity of demand from point B to point C.
2. Classify the elasticity for point B to point C as elastic, inelastic, or unitary.
3. Provide an explanation for the elasticity for point B to point C.
4. Calculate the price elasticity of demand from point D to point E.
5. Classify the elasticity for point D to point E as elastic, inelastic, or unitary.
6. Provide an explanation for the elasticity for point D to point E.
7. Calculate the price elasticity of demand from point G to point H.
8. Classify the elasticity for point G to point H as elastic, inelastic, or unitary.
9. Provide an explanation for the elasticity for point G to point H.
10. Calculate the price elasticity of supply from point K to point L.
11. Classify the elasticity for point K to point L as elastic, inelastic, or unitary.
12. Provide an explanation for the elasticity for point K to point L.
13. Calculate the price elasticity of supply from point N to point P.
14. Classify the elasticity for point N to point P as elastic, inelastic, or unitary.
15. Provide an explanation for the elasticity for point N to point P.
16. Calculate the price elasticity of supply from point Q to point R.
17. Classify the elasticity for point Q to point R as elastic, inelastic, or unitary.
18. Provide an explanation for the elasticity for point Q to point R.