Question: - Using the midpoint basis, and expressing the answer in fraction or integer format, calculate the own price elasticity of demand of D2 between prices

$- Using the midpoint basis, and expressing the answer in fraction$

- Using the midpoint basis, and expressing the answer in fraction or integer format, calculate the own price elasticity of demand of D2 between prices of $12 and $16.

- Using the midpoint basis, and expressing the answer in fraction or integer format, calculate the own price elasticity of supply of S2 between the prices of $12 and $16.

P 28 S1 24 20 S2 16 12 8 4 D2 D1 0 0 8 12 16 20 24 P 28 S1 24 20 S2 16 12 8 4 D2 D1 0 0 8 12 16 20 24

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