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Using the tables below, answer the following questions. Table 1: Demand for Athletics Shoes Points Price Quantity A $10 1,200 B $20 2,000 C $30

Using the tables below, answer the following questions.

Table 1: Demand for Athletics Shoes

Points Price Quantity

A $10 1,200

B $20 2,000

C $30 3,500

D $40 1,800

E $50 1,700

F $60 1,500

G $70 2,200

H $80 1,600

I $90 1,300

J $100 1,900

Table 2: Supply for Sunglasses

Points Price Quantity

K $4 1,000

L $8 1,100

M $16 1,400

N $32 1,600

P $64 3,200

Q $128 1,000

R $256 1,400

  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.

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