Question: The table below shows the weekly demand for machine screws at the local hardware store. Demand for Machine Screws Price (dollars per pack) Quantity

The table below shows the weekly demand for machine screws at the

The table below shows the weekly demand for machine screws at the local hardware store. Demand for Machine Screws Price (dollars per pack) Quantity (packs of 100 screws) $8.00 0 7.50 40 7:00 100 6.50 160 6:00 220 5.50 280 5.00 340 4.50 400 4,00 460 3.50 520 580 Instructions: Round your answers to 2 decimal places. If you are entering a negative number include a minus sign. a. Using the starting point method, what is the price elasticity of demand from a price of $7.50 to a price of $7,00 per pack of 100 screws? b. Using the starting point method, what is the price elasticity of demand from a price of $5.50 to a price of $5.00 per pack of 100 screws? c. Using the starting point method, what is the price elasticity of demand from a price of $4.00 to a price of $3.50 per pack of 100 screws? Windows

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