Quiz 1. Given the following data for supply and demand of movie tickets, calculate the price elasticity of supply when the price changes from $7.00 to $8.00 and from $10.00 to $11.00 Quantity Demanded Price Quantity Supplied $7 100 25 $8 90 45 $9 75 75 $10 55 105 $11 30 125

Quiz 1. Given the following data for supply and demand of movie tickets, calculate the price elasticity of supply when the price changes from $7.00 to $8.00 and from $10.00 to $11.00 Quantity Demanded Price Quantity Supplied $7 100 25 $8 90 45 $9 75 75 $10 55 105 $11 30 125

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter5: Elasticity

Section: Chapter Questions

Problem 39P: When someones kidneys fail, the person needs to have medical treatment with a dialysis machine...

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Question

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ELEMENS 35- PrwuPunt
HDME
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TRANSTIONS
ANMATIONS
SUDE HOW
REVEN
Sig
Quiz
1. Given the following data for supply and demand of movie tickets, calculate the price elasticity of
supply when the price changes from $7.00 to S8.00 and from $10.00 to $11.00
Quantity
Price
Quantity Supplied
Demanded
$7
100
25
$8
90
45
$9
75
75
$10
55
105
$11
30
125
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