The table below shows the demand schedule (price and quantity demanded) for a good: Price Quantity...

 

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The table below shows the demand schedule (price and quantity demanded) for a good: Price Quantity Demanded $2.50 $2.25 $2.00 $1.75 $1.50 $1.25 $1.00 $0.75 $0.50 $0.25 $0.00 0 25 50 75 100 125 150 175 200 225 250 For the following questions, use the midpoint method to calculate the price elasticity of demand, E. Also say whether demand is Elastic, Inelastic or Unit Elastic for each case. Show your work. a) When price changes from $1.00 to $1.75 b) When price changes from $1.50 to $1.00 c) When price changes from $2.00 to $2.50 d) When price changes from $0.25 to $1.75 The table below shows the demand schedule (price and quantity demanded) for a good: Price Quantity Demanded $2.50 $2.25 $2.00 $1.75 $1.50 $1.25 $1.00 $0.75 $0.50 $0.25 $0.00 0 25 50 75 100 125 150 175 200 225 250 For the following questions, use the midpoint method to calculate the price elasticity of demand, E. Also say whether demand is Elastic, Inelastic or Unit Elastic for each case. Show your work. a) When price changes from $1.00 to $1.75 b) When price changes from $1.50 to $1.00 c) When price changes from $2.00 to $2.50 d) When price changes from $0.25 to $1.75