Price Elasticity Calculations.

Price Elasticity Calculations.

1. Given price changes from $15 to $26 causing the quantity demand to change from 74 to 52 what is the elasticity of demand?

Solution.

2. Given price changes from $15 to $28 causing the quantity demand to change from 26 to 18 what is the elasticity of demand?

Solution.

3. Given price changes from $28 to $7 causing the quantity demand to change from 10 to 26 what is the elasticity of demand?

Solution.

4. Given price changes from $26 to $15 causing the quantity demand to change from 52 to 70 what is the elasticity of demand?

Solution.

5. Given price changes from $100 to $200 causing the quantity demand to change from 100 to 50 what is the elasticity of demand?

Solution.