Question: Lets practice the midpoint formula. Calculate the elasticity of demand for each of the following goods or services. pg69 Beginning Beginning Ending Ending Good or

Let’s practice the midpoint formula. Calculate the elasticity of demand for each of the following goods or services. pg69

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Beginning Beginning Ending Ending Good or Service Price Quantity Price Quantity Elasticity Daily movie ticket sales in $6 50,000 $10 40,000 Denver, Colorado Weekly milk sales at Loma Vista $1 1,000 $1.50 800 Elementary School Weekly round-trip ticket sales, $500 10,000 $1,000 9,000 New York to San Francisco Annual student enrollments, $6,000 40,000 $9,000 39,000 Upper Tennessee State University

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