Calculate the midpoint price elasticity of demand between 9, Business Economics

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Calculate the midpoint price elasticity of demand between 9

Following table shows the demand for Bill's's Bakery apple pies:

Price ($) Quantity Sold

$9 1,000

$10 850

$11 780

1) Calculate the midpoint price elasticity of demand between $9 and $10. Is the demand in this range elastic or inelastic?

2) Calculate the midpoint price elasticity of demand between $10 and $11. Is the demand in this range elastic or inelastic?

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Business Economics: Calculate the midpoint price elasticity of demand between 9

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Business Economics: Calculate the midpoint price elasticity of demand between 9

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