Product Price Quantity Demanded
$30 10
25 20
20 30
15 40
10 50
Instructions: Round your answers to 2 decimal places. Enter your answers as positive values (absolute values). Determine the price elasticity of demand between each of the following prices:
a. Between P1 = $30 and P2 = $25. Ed = _________
b. Between P1 = $25 and P2= $20, Ed = _________
c. Between P1 = $20 and P2 =$15, Ed= _________
d. Between P1 = $15 and P2 =$10, Ed = _________