Question: The data below represent a demand schedule. product price: $30, $25, $20, $15, $10 Quantity demand: 10, 20, 30 ,40, 50 Determinethe price elasticity of

The data below represent a demand schedule.

product price: $30, $25, $20, $15, $10

Quantity demand: 10, 20, 30 ,40, 50

Determinethe price elasticity of demand between each of the following prices:

Instructions:Round your answers to 2 decimal places. Enter your answers as positive values (absolute values).

a. BetweenP1= $30 andP2= $25,Ed=

b. BetweenP1= $25 andP2= $20,Ed=

c. BetweenP1= $20 andP2= $15,Ed=

d. BetweenP1= $15 andP2= $10,Ed=

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