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

Use the table below to complete the following exercise.

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

% Change in Quantity

% Change in Price Quantity Demanded 100 100 80 66 60 55 40 25 20 20 0 20 aD)

=2)9)

—100

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