$E=\frac{\text{p}\text{e}\text{r}\text{c}\text{e}\text{n}\text{t}\text{a}\text{g}\text{e}\text{c}\text{h}\text{a}\text{n}\text{g}\text{e}in\text{q}\text{u}\text{a}\text{n}\text{t}\text{i}\text{t}\text{y}\text{d}\text{e}\text{m}\text{a}\text{n}\text{d}\text{e}\text{d}}{\text{p}\text{e}\text{r}\text{c}\text{e}\text{n}\text{t}\text{a}\text{g}\text{e}\text{c}\text{h}\text{a}\text{n}\text{g}\text{e}in\text{p}\text{r}\text{i}\text{c}\text{e}}=0\mathrm{.}5($in absolute value$)$

According to the elasticity computation, suppose the price elasticity of demand for popcorn equals $0\mathrm{.}5($in absolute value$).$

By how muck would popcorn sales fall if the price increased by

Instructions: Enter your responses as a whole number.

a$.10$ percent?

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b$.30$ percent?

References

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