Question: the exercise will be on file please Question 3 This question has two parts (equally weighted). a) Suppose at a price of $50, Yoshi's Jazz

the exercise will be on file please

Question 3 This question has two parts (equally weighted). a) Suppose at a price of $50, Yoshi's Jazz Bar sells 20 tickets to its nightly jazz performance and at a price of $40, it sells 25 tickets. Based on this information, use the midpoint formula to calculate Yoshi's price elasticity of demand. b) If another jazz bar opens down the block from Yoshi's will Yoshi's demand become more or less elastic? Why? 12pt > Paragraph BIU A &V T V EV EVE ~ B To VX p O words

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