Question: or Questions 7 - 8 , consider the hypothetical demand schedule for comic books in a small town. Demand Schedule for Comic Books Price Quantity

or Questions 7-8, consider the hypothetical demand schedule for comic books in a small town.
Demand Schedule for Comic Books
Price Quantity
Demanded
Total
Expenditure2
% Change in
Price
% Change in
Quantity
Elasticity of
Demand
$111---------
$93
$75
$57
$39
$111
2

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