Question: NAME: 1. Use the graph, below, and the mid-point formula to calculate elasticity for the following ranges. Indicate whether the range is elastic, unit elastic,

NAME: 1. Use the graph, below, and the mid-point formula to calculate elasticity for the following ranges. Indicate whether the range is elastic, unit elastic, or inelastic. $100.00 Price $90.00 Supply $80.00 B F $70.00 $60.00 $50.00 E C $40.00 D $30.00 $20.00 Demand $10.00 $0.00 0 3 6 9 12 15 18 21 24 27 30 Quantity a. Point A to point B b. Point C to point D c. Point E to point F

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