The following table contains information regarding price and output for a firm.For each point except the first,calculate the elasticity between it and the point above.
$\begin{array} { c c c }
\text { Price } & \text { Quantity } & \text { Elasticity } \
\$ 7 & 10 & - --\
6 & 20 & - -- \
5 & 30 & - --\
4 & 40 & - -- \
3 & 50 & - --\
2 & 60 & - --\
1 & 70 & - --
\end{array}$

Question

The following table contains information regarding price and output for a firm.For each point except the first,calculate the elasticity between it and the point above.
 $\begin{array} { c c c } 
\text { Price } & \text { Quantity } & \text { Elasticity } \
\$ 7 & 10 & - --\
6 & 20 & - -- \
5 & 30 &  - --\
4 & 40 & - -- \
3 & 50 &  - --\
2 & 60 &  - --\
1 & 70 &  - --
\end{array}$

Quizplus · Accepted Answer

The Answer of The following table contains information regarding price and output for a firm.For each point except the first,calculate the elasticity between it and the point above.
 $\begin{array} { c c c } 
\text { Price } & \text { Quantity } & \text { Elasticity } \
\$ 7 & 10 & - --\
6 & 20 & - -- \
5 & 30 &  - --\
4 & 40 & - -- \
3 & 50 &  - --\
2 & 60 &  - --\
1 & 70 &  - --
\end{array}$

The Following Table Contains Information Regarding Price and Output for a Firm.For