Question: please help 2 The table below represents the demand schedule for science fiction books 6 port Demand for Science Fiction Books Price (dollars) Quantity (books)


2 The table below represents the demand schedule for science fiction books 6 port Demand for Science Fiction Books Price (dollars) Quantity (books) 10 9 2 8 3 7 4 6 5 5 6 4 3 2 9 1 10 Referens Instructions: Use the midpoint method to complete al calculations. Round your answers to two decimal places. If you are entering a negative number include a minus sign a When going from a price of $1 per book to a price of $2 per book, what is the percentage change in price? a b. When going from a price of $1 per book to a price of $2 per book, what is the percentage change in quantity? 1% c. When going from a price of St per book to a price of $2 per book, what is the price elasticity of demand for science fiction books? 5 Instructions: Use the midpoint method to complete all calculations. Round your answers to two decimal places. If you are entering a negative number include a minus sign w a. When going from a price of $1 per book to a price of $2 per book, what is the percentage change in price? Pelet References b. When going from a price of St per book to a price of $2 per book, what is the percentage change in quantity? c. When going from a price of $t per book to a price of $2 per book, what is the price elasticity of demand for science fiction books? 1. and demand is price icick to select d. When going from a price of $7 per book to a price of $8 per book, what is the percentage change in price? e. When going from a price of $7 per book to a price of $8 per book, what is the percentage change in quantity? When going from a price of $7 per book to a price of $8 per book, what is the price elasticity of demand for science fiction books? and demand is price clek to selectie Graw MIUI
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
