The demand curve below represents the adult demand for movie tickets. Price 9 8 7 A 3 $8 $5 10 Calculate the price elasticity of demand at the following prices: (For a linear demand curve, the price elasticity of demand = (1/slope) x P/Q) When you enter your answer do not enter the negative sign, and round your answer to two decimal places. If the number is less than 1, do not enter the 0: .45, not 0.45) $2 Adult Demand 10 20 30 40 50 60 70 80 90 100 Quantity You will know that you are on the right track if your elasticity values get smaller.

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