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Calculate the price elasticity of demand

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Reference no: EM13942173

Pasty's Specialty Bakery projects the following demand for Patsy's pies:Price Quantity
9 .......130
10 ........110
11 ........95

We use midpoint formula

a. Calculate the price elasticity of demand between $9 and $10. Is demand in this range elastic or inelastic? 
b. Calculate the price elasticity of demand between $10 and $11. Is demand in this range elastic or inelastic? Show your work in details. 

Reference no: EM13942173

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