Answer to Question #333385 in Microeconomics for Asra huwiedi

Question

Given following data for the demand of movie tickets, calculate the price elasticity of demand when the prices changes from period :

1- A to B.

2- B to C.

3- C to B (by using midpoint elasticity method)

And find the degrees of elasticity for them.

The period

Price of ticket

Quantity of demand for tickets

A

7

100

B

8

90

C

9

75

Answer 1

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