Choose the correct answer and explain why the answer is correct

Quantity Quantity Price Demanded Supplied of Good A of Good A of Good A $5.50 5 55 $4.50 15 45 $3.50 25 35 $2.50 35 25 $1.50 45 15 $0.50 55 5 9. Refer to the Table above. When price decreases from $5.50 to $4.50, the price elasticity of demand is a) 0.2 b ) 0.5 c) 1 d) 2 (e) 5 10. Refer to the same Table above. When price decreases from $3.50 to $2.50, the price elasticity of supply is 1) 0 b) 1 c) 5 d) 0.1 e) 0.5