Now assume you've collected the data and it shows that: 340 would register at the $1,000 price 435 would register at the $800 price 450 (Q1) would register at the $675 price (PI) What is the price elasticity of demand from the S675 price to the $1000 price? (Round to 2 decimal places.) Price Elasticity=% change in quantity purchased /% change in price % Change in Q AQ/Q1 6. % Change in P AP/P1 7. What is the price elasticity of demand from the $675 price to the $800 price? 2 8. Is the demand for this camp elastic or inelastic, and what does that mean