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Assume the following information on the price of small screen televisions and quantity demanded:

Assume the following information on the price of small screen televisions

Assume the following information on the price of small screen televisions

Question

Assume the following information on the price of small screen televisions and quantity demanded:

Price in dollars Quantity Demanded

$160 40,000

200 36,000

240 32,000

280 28,000

Compute the point price elasticity of demand for a price change from $240 to $280.

Assume the following information on the price of small screen televisions

 

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