Calculate the price elasticity of demand for pineapples

Reference no: EM131240784

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.

Reference no: EM131240784

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