Using the midpoint method, between prices of $48 and $54, price elasticity of demand is about

Thank you for using our services. We are a non-profit group that run this service to share documents. We need your help to maintenance and improve this website.

To keep our site running, we need your help to cover our server cost (about $500/m), a small donation will help us a lot.

Please help us to share our service with your friends.

Thank you for interesting in our services. We are a non-profit group that run this website to share documents. We need your help to maintenance this website.

To keep our site running, we need your help to cover our server cost (about $400/m), a small donation will help us a lot.

Please help us to share our service with your friends.

Figure 1Demand3691215182124273033Quantity6121824303642485460Price1.Refer to Figure 1. Using the midpoint method, demand is unit elastic between prices ofa.$18 and $24.b.$24 and $30.c.$24 and $36.d.$30 and $36.
216.Refer to Figure 5-5.Using the midpoint method, between prices of $48 and$54, price elasticity of demand is abouta. 0.92.b. 3.89.c.4.33.d. 5.67.ANS: DPTS: 1DIF:2REF: 5-1NAT:AnalyticLOC:ElasticityTOP:Midpoint method | Price elasticity ofdemandMSC: Applicative217.Refer to Figure 5-5.Using the midpoint method, between prices of $30 and$36, price elasticity of demand is abouta. 0.5.b. 0.82.c.1.22.d. 2.ANS: CPTS: 1DIF:2REF: 5-1NAT:AnalyticLOC:ElasticityTOP:Midpoint method | Price elasticity ofdemandMSC: Applicative218.Refer to Figure 5-5. The maximum value of total revenue corresponds to aprice ofa. $18.b. $30.c.$42.d. $48.ANS: BPTS: 1DIF:2REF: 5-1NAT:AnalyticLOC:ElasticityTOP:Total revenue | Price elasticity ofdemandMSC: Applicative

In order to continue enjoying our site, we ask that you confirm your identity as a human. Thank you very much for your cooperation.