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The data below represent a demand schedule. product price: $30, $25, $20, $15, $10 Quantity demand: 10, 20, 30 ,40, 50 Determinethe price elasticity of

The data below represent a demand schedule.

product price: $30, $25, $20, $15, $10

Quantity demand: 10, 20, 30 ,40, 50

Determinethe price elasticity of demand between each of the following prices:

Instructions:Round your answers to 2 decimal places. Enter your answers as positive values (absolute values).

a. BetweenP₁= $30 andP₂= $25,E_d=

b. BetweenP₁= $25 andP₂= $20,E_d=

c. BetweenP₁= $20 andP₂= $15,E_d=

d. BetweenP₁= $15 andP₂= $10,E_d=

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