Lets practice the midpoint formula. Calculate the elasticity of demand for each of the following goods or
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Good or Beginning Beginning Ending Ending Elasticity of Quantity Price Quantity Demand 50,000 Price Daily movie ticket sales in Denver $6 S10 40,000 $1.50 Weekly milk sales at Loma Vista Elementary School Weekly round- trip ticket sales, New York to San Francisco Annual student enrollments, Upper Tennessee State $1 1,000 800 $500 10,000 1,000 9,000 S6,00040,000 9,000 39,000
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