I.Refer to theUnit 3 Learning Journal Elasticity Tables documentto complete the assignment.

1. Calculate the price elasticity of demand from point B to point C.
2. Classify the elasticity for point B to point C as elastic, inelastic, or unitary.
3. Provide an explanation for the elasticity for point B to point C.
4. Calculate the price elasticity of demand from point D to point E.
5. Classify the elasticity for point D to point E as elastic, inelastic, or unitary.
6. Provide an explanation for the elasticity for point D to point E.
7. Calculate the price elasticity of demand from point G to point H.
8. Classify the elasticity for point G to point H as elastic, inelastic, or unitary.
9. Provide an explanation for the elasticity for point G to point H.
10. Calculate the price elasticity of supply from point K to point L.
11. Classify the elasticity for point K to point L as elastic, inelastic, or unitary.
12. Provide an explanation for the elasticity for point K to point L.
13. Calculate the price elasticity of supply from point N to point P.
14. Classify the elasticity for point N to point P as elastic, inelastic, or unitary.
15. Provide an explanation for the elasticity for point N to point P.
16. Calculate the price elasticity of supply from point Q to point R.
17. Classify the elasticity for point Q to point R as elastic, inelastic, or unitary.
18. Provide an explanation for the elasticity for point Q to point R.

- 100% + Table 1: Demand for athletic shoes Points Price Quantity $10 1,200 $20 2,000 $30 3,500 $40 1,800 $50 1,700 C - I Q T M O Q W D $60 1,500 $70 2,200 $80 1,600 $90 1,300 $ 100 1,900 Table 2: Supply for sunglasses Points Price Quantity $4 1,000 $8 1, 100 $16 1,400 D 0 0 2 3 5 7 $32 1,600 $64 3,200 $128 1,000 $256 1,400 up W 79 S P