PriceQuantity(dollars perdemandedbushel)(bushels)82,00074,00066,0008,000410,000312,000The table above gives the demand schedule for snowpeas. The price elasticity of demand increased from$6.00 to $7.00 per bushel is (please use pointelasticity of demand in your calculation)O 1.0.• 2.0.2.6.5.0.

At $6 the quantity demanded is 6000 bushels, at $7 the quantity demanded is 4000 bushels.

Price Quantity (dollars per demanded bushel) (bushels) 8 2,000 7 4,000 6 6,000 5 8,000 4 10,000 3 12,000 The table above gives the demand schedule for sn peas. The price elasticity of demand increased from $6.00 to $7.00 per bushel is (please use point elasticity of demand in your calculation)

Price Quantity (dollars per demanded bushel) (bushels) 8 2,000 7 4,000 6 6,000 5 8,000 4 10,000 3 12,000 The table above gives the demand schedule for sn peas. The price elasticity of demand increased from $6.00 to $7.00 per bushel is (please use point elasticity of demand in your calculation)

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter5: Elastic And Its Application

Section: Chapter Questions

Problem 6PA: Suppose that your demand schedule for DVDs is as follows: Price Quantity Demanded (income = 10,000)...

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Question

Price
Quantity
(dollars per
demanded
bushel)
(bushels)
8
2,000
7
4,000
6
6,000
8,000
4
10,000
3
12,000
The table above gives the demand schedule for snow
peas. The price elasticity of demand increased from
$6.00 to $7.00 per bushel is (please use point
elasticity of demand in your calculation)
O 1.0.
• 2.0.
2.6.
5.0.

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