Question: please answer Use the demand schedule below to answer the questions. Round your calculations to the nearest hundredth: Calculate the price elasticity of demand when

please answer

Use the demand schedule below to answer the questions. Round your calculations to the nearest hundredth: Calculate the price elasticity of demand when the price rises from $5 to S6. Calculate the price elasticity of demand when the price rises from $8 to $9. Is it surprising that your answers for (a) and (b) were different? Explain. Price Quantity Demanded $5 33 $6 30 $8 24

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