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Solve theoritically please 1.14. The prices of Model 2T toy cars in different years and the sales volumes at those prices are given in the

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Solve theoritically please

1.14. The prices of Model 2T toy cars in different years and the sales volumes at those prices are given in the table. Year Showroom price (INR) Sales volume 2011 1000 5986 2012 950 12292 2013 780 19293 2014 690 40402 2015 600 78611 2016 550 182809 2017 490 260720 2018 440 355276 Assuming that the data represent a demand curve, calculate the arc elasticity of demand by comparing the data (a) for the years 2012 and 2013 (b) for the years 2016 and 2017

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