Question: 3. Compute for Elasticities (15 points) a, Solve for the elasticity coefficient and interpret the elasticity coefficient. Situation Price Quantity Demanded A 52 16 B

3. Compute for Elasticities (15 points) a, Solve for the elasticity coefficient and interpret the elasticity coefficient. Situation Price Quantity Demanded A 52 16 B 103 12 C 165 8 205 4 Situation B&C ii. Situation C&A ili. Situation D&B b. Andrew's income decreases from P30,508 to P26, 470 per year and his demand for coffee decreases from 22 to 18 per year. c. Given: Qx1 = 110, Qx2 = 106; Pol = 28, Poz = 76

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