Price (per Ounce) Demanded (Ounces per Show) A $0.50 B 0.45 2 C 0.40 4 0.35 6 E 0.30 9 0.25 12 G 0.20 16 0.15 20 0.10 25 0.05 30 Instructions: In part a, round your responses to one decimal place. In part b, round your responses to two decimal places. a. Compute the price elasticity between points A and B and points G and H. A to B = 10.0 * G to H = 1.0 8
Price (per Ounce) Demanded (Ounces per Show) A $0.50 B 0.45 2 C 0.40 4 0.35 6 E 0.30 9 0.25 12 G 0.20 16 0.15 20 0.10 25 0.05 30 Instructions: In part a, round your responses to one decimal place. In part b, round your responses to two decimal places. a. Compute the price elasticity between points A and B and points G and H. A to B = 10.0 * G to H = 1.0 8
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
I am trying to see what formula I need to get the correct answers.
![Quantity
Demanded
Price (per Ounce)
(Ounces per Show)
A
$0.50
1
0.45
0.40
4
0.35
6.
E
0.30
9
F
0.25
12
G
0.20
16
Н
0.15
20
0.10
25
0.05
30
Instructions: In part a, round your responses to one decimal place. In part b, round your responses to two decimal places.
a. Compute the price elasticity between points A and B and points G and H.
A to B =
10.0
G to H =
1.0](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd960bb05-f8e9-458e-8dc8-ba896c5de05d%2F4f3bbca3-a90f-45ed-9ae8-80e7e1ecfe7d%2Fihg9xfb_processed.png&w=3840&q=75)
Transcribed Image Text:Quantity
Demanded
Price (per Ounce)
(Ounces per Show)
A
$0.50
1
0.45
0.40
4
0.35
6.
E
0.30
9
F
0.25
12
G
0.20
16
Н
0.15
20
0.10
25
0.05
30
Instructions: In part a, round your responses to one decimal place. In part b, round your responses to two decimal places.
a. Compute the price elasticity between points A and B and points G and H.
A to B =
10.0
G to H =
1.0
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