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

the local hardware store. Demand for Machine Screws Price (dollars per Quantity

(packs of pack) 100 screws] _ m_ -E_ a. Using the starting

point method, what is the price elasticity of demand from a price

The table below shows the weekly demand for machine screws at the local hardware store. Demand for Machine Screws Price (dollars per Quantity (packs of pack) 100 screws] _ m_ -E_ 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 0f $5.50 to a price of $5.00 per pack 0f100 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

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