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  3. 2 calculation and analysis 1 30 points suppose that...

Question: 2 calculation and analysis 1 30 points suppose that...

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2. Calculation and analysis: (1) (30 points) . Suppose that your demand schedule for compact dises is as follows: Quantity Demanded (Income-$10, 000) 40 Quantity Demanded (Income $12, 000) 50 45 Price 10 24 14 16 20 16 12 the midpoint method to calculate your price elasticity of demand as the price of comp
from S8 to $10 if your income is $12,000 discs increases f b. Calculate your income elasticity the price is $16 of demand as your income increases from $10,000 to $12,000 if as
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