Use the following data for a demand curve. $$\begin{array} { | c | c | }
\hline \text { Price } & \text { Quantity } \
\hline 15 & 10 \
\hline 14 & 20 \
\hline 13 & 30 \
\hline 12 & 40 \
\hline 11 & 50 \
\hline 10 & 60 \
\hline 9 & 70 \
\hline 8 & 80 \
\hline 7 & 90 \
\hline
\end{array}$$ (A) Use the majpant farmula to calculate the elasticity betwen aprice of \$14 and 15
(B) Use the michaint farmula to calculate the elasticity between 17 and $\$ 8$
(C) Because this is a linear demend curve, why does the elasticity change?
(D) At what paint is price x qyuantity maxinized? What is the elasticity at that paint?

Question

Use the following data for a demand curve. $$\begin{array} { | c | c | } 
\hline \text { Price } & \text { Quantity } \
\hline 15 & 10 \
\hline 14 & 20 \
\hline 13 & 30 \
\hline 12 & 40 \
\hline 11 & 50 \
\hline 10 & 60 \
\hline 9 & 70 \
\hline 8 & 80 \
\hline 7 & 90 \
\hline
\end{array}$$ (A) Use the majpant farmula to calculate the elasticity betwen aprice of \$14 and 15
(B) Use the michaint farmula to calculate the elasticity between 17 and $\$ 8$
(C) Because this is a linear demend curve, why does the elasticity change?
(D) At what paint is price x qyuantity maxinized? What is the elasticity at that paint?

Quizplus · Accepted Answer

The Answer of Use the following data for a demand curve. $$\begin{array} { | c | c | } 
\hline \text { Price } & \text { Quantity } \
\hline 15 & 10 \
\hline 14 & 20 \
\hline 13 & 30 \
\hline 12 & 40 \
\hline 11 & 50 \
\hline 10 & 60 \
\hline 9 & 70 \
\hline 8 & 80 \
\hline 7 & 90 \
\hline
\end{array}$$ (A) Use the majpant farmula to calculate the elasticity betwen aprice of \$14 and 15
(B) Use the michaint farmula to calculate the elasticity between 17 and $\$ 8$
(C) Because this is a linear demend curve, why does the elasticity change?
(D) At what paint is price x qyuantity maxinized? What is the elasticity at that paint?

Use the Following Data for a Demand Curve (A) Use the Majpant Farmula to Calculate the Elasticity Betwen