Question: Use the table below to complete the following exercise. Plot the price and quantity data. Indicate the price elasticity value at each price. What happens

Use the table below to complete the following exercise.

Plot the price and quantity data. Indicate the price elasticity value at each price. What happens to the elasticity value as you move down the demand curve?

% Change Quantity % Change Price in Price Demanded in Quantity

$ 5 100 10 100 80 20 15 66 60 25 20 33 40 33 25 25 20 50 30 20 0 100

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