Calculate the percent change in price that occurs in moving, Econometrics

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Calculate the percent change in price that occurs in moving

Continuing with the above example of pineapples,

a. Calculate the percent change in price that occurs in moving from point A (the "base" case) to point B, using the midpoint formula. (If directed by your instructor, also calculate this using the log-difference formula.)

b. Calculate the percent change in quantity that occurs in moving from point A to point B, using the midpoint formula. (If directed by your instructor, also calculate this using the log-difference formula.)

c. Calculate the price elasticity of demand for pineapples.

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Econometrics: Calculate the percent change in price that occurs in moving

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