Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch

تمرين 2

Use the demand schedule in Table CP-2 to answer the following questions. Use the mid-point method when calculating elasticity.
a. What is the price elasticity of demand for a price change from $2 to $3? What is the slope of the demand curve for a price change from $2 to $3?
b. What is the price elasticity of demand for a price change from $3 to $5? What is the slope of the demand curve for a price change from $3 to $5?
c. What is the price elasticity of demand for a price change from $6 to $7? What is the slope of the demand curve for a price change from $6 to $7?