5.1A Let's practice calculating elasticity
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Last updated over 2 years ago
6 questions
1
What does elasticity measure?
What does elasticity measure?
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Calculate the elasticity from point H and G using the following formula.
JK. Use this online calculator of price elasticity of demand.
https://goodcalculators.com/price-elasticity-of-demand-calculator/
***Please do not include positive nor negative signs on your number. Round to the hundreths place.***
Calculate the elasticity from point H and G using the following formula.
JK. Use this online calculator of price elasticity of demand.
https://goodcalculators.com/price-elasticity-of-demand-calculator/
***Please do not include positive nor negative signs on your number. Round to the hundreths place.***
1
https://goodcalculators.com/price-elasticity-of-demand-calculator/
*Please do not include positive nor negative signs on your number. Round to the hundreths place. *
Calculate the elasticity from point B to A using the following formula:
https://goodcalculators.com/price-elasticity-of-demand-calculator/
*Please do not include positive nor negative signs on your number. Round to the hundreths place. *
1
What type of elasticity is shown at the top of the demand curve?
What type of elasticity is shown at the top of the demand curve?
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What type of elasticity is shown at the bottom of the demand curve?
What type of elasticity is shown at the bottom of the demand curve?
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Zoom in on the percent change in price from A to B, then B to C, then C to D.
Now do the same for the percent change in quantity from A to B, then B to C, and then C to D.
Write down what you notice.
Then, explain the difference between a curved and straight line in terms of elasticity.