"PED ="
"=\\frac{ Q_{2} - Q_{1} }{ (Q_{2} + Q_{1})\/2 }*100"
"\\frac{ 3_{} - 3.8_{} }{ (3_{} + 3.8_{})\/2 }*100=-23.53"
"=\\frac{ P_{2} - P_{1} }{ (P_{2} + P_{1})\/2 }*100"
"\\frac{ 5_{} - {1} }{ (5_{} + 1_{})\/2 }*100=133.33"
"PED"
"=\\frac{\u221223.53 }{133.33 }"
"=0.18"
The demand price is inelastic
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