Use the table below to complete the following exercise.

1. Determine the price elasticity of demand at each quantity

demanded. Go from $5 to $10 then from $10 to $15 to $20

and so on.

1. Plot the price and quantity data. Indicate the price elasticity

value at each point. Illustrate your result on a downward sloping demand curve.

1. What happens to the elasticity value as you move down the

demand curve?