Question: Using the midpoint method, compute the elasticity of demand between points A and B. Is demand along this portion of the curve elastic or inelastic?

Using the midpoint method, compute the elasticity of demand between points A and B. Is demand along this portion of the curve elastic or inelastic? Now compute the elasticity of demand between points B and C. Is demand along this portion of the curve elastic or inelastic? You must show all of your work.

hve 22 16 14 12 10 Demand 100 200 300 400 s00

hve 22 16 14 12 10 Demand 100 200 300 400 s00 600 700 s00 900 D

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