Question: Help Save & Exit The table below shows the weekly demand for machine screws at the local hardware store. Demand for Machine Screws Price (dollars

 Help Save & Exit The table below shows the weekly demand

Help Save & Exit The table below shows the weekly demand for machine screws at the local hardware store. Demand for Machine Screws Price (dollars per Quantity (packs of pack) 100 screws) $8. 00 0 7.50 40 7.00 100 6.50 160 6. 00 220 5.50 280 5.00 340 4.50 400 4.00 460 3.50 520 3.00 580 Instructions: Round your answers to two decimal places. If you are entering a negative number include a minus sign. . Using the midpoint method, what is the price elasticity of demand from a price of $8.00 to a price of $7.00 per pack of 100 screws? Using the midpoint method, what is the price elasticity of demand from a price of $6.00 to a price of $5.00 per pack of 100 screws? Using the midpoint method, what is the price elasticity of demand from a price of $4.50 to a price of $3.50 per pack of 100 screws? At which price is demand the most elastic? (Click to select)

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