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Appointment bo... Reading Assign... 0 Do Homework -... Course Hero mylab.pearson.com (216) Cancione... 4) M Your question w... Introduction to Microeconomics 167-0A3 (58519) Homework: Homework 4: chapter 5 Question 5, Concept Question 2.2 Part 2 of 2 Q Macro Test unit... HW Score. 92.31 @ Points. O ofl Question list Question 5 e Question 6 e Question 7 e Question 8 e Question 9 e Question 10 e Question 11 e Question 12 e Question 13 Help me solve this A movement along the demand curve, represented by points A and B, is shown in the diagram to the right. Point A (30, 70) is the initial point, and point B (40, 60) is the point after the price change. The textbook provides two methods for computing price elasticity of demand. Using the information above, compute the price elasticity of demand using each of these methods. (Enter your responses rounded to two decimal places and include a minus sign if necessary.) Using the initial values as a base, the elasticity of demand is 2.33 . Using the midpoint formula, the elasticity of demand is 10 9 8 7 6 5 4 3 2 1 70 60 o 10 20 Etext pages Get more help A Give two reason... Maria Liriano 12 of 13 points Demand i30 i40 30 40 50 60 70 80 Quantity per unit of time Clear all 00 oo Chegg Search 03/13/23 8:11 PM O Save 90 100 Check answer