Table 4.3 shows the market demand for video rentals. $$\begin{array}{l}
\text { Table } 4.3\
\begin{array} { l l }
\hline \mathrm { P } & \mathrm { Q_D } \
\hline 1 & 21 \
3 & 13 \
5 & 7 \
7 & 3 \
9 & 1 \
\hline
\end{array}
\end{array}$$ a) Calculate the price elasticity of demand between $1 and $3
b) Calculate the price elasticity of demand between $3 and $5
c) Calculate the price elasticity of demand between $5 and $7
d) Calculate the price elasticity of demand between $7 and $9

Question

Table 4.3 shows the market demand for video rentals. $$\begin{array}{l}
\text { Table } 4.3\
\begin{array} { l l } 
\hline \mathrm { P } & \mathrm { Q_D } \
\hline 1 & 21 \
3 & 13 \
5 & 7 \
7 & 3 \
9 & 1 \
\hline
\end{array}
\end{array}$$ a) Calculate the price elasticity of demand between $1 and $3
b) Calculate the price elasticity of demand between $3 and $5
c) Calculate the price elasticity of demand between $5 and $7
d) Calculate the price elasticity of demand between $7 and $9

Quizplus · Accepted Answer

The Answer of Table 4.3 shows the market demand for video rentals. $$\begin{array}{l}
\text { Table } 4.3\
\begin{array} { l l } 
\hline \mathrm { P } & \mathrm { Q_D } \
\hline 1 & 21 \
3 & 13 \
5 & 7 \
7 & 3 \
9 & 1 \
\hline
\end{array}
\end{array}$$ a) Calculate the price elasticity of demand between $1 and $3
b) Calculate the price elasticity of demand between $3 and $5
c) Calculate the price elasticity of demand between $5 and $7
d) Calculate the price elasticity of demand between $7 and $9

Table 43 Shows the Market Demand for Video Rentals A) Calculate the Price Elasticity of Demand Between $1 and