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Suppose that your demand schedule for DVDs is as follows:Price: 8, 10, 12, 14, 16Demand (income =$10000) : 40, 32, 24, 16, 8Demand (income = $12000): 50, 45, 30, 20, 12a. If your income is $10,000, your price elasticity of demand as the price of DVDs rises from $8 to $10 is

Suppose that your demand schedule for pizza is as follows: Price Quantity Demanded (income = $20,000) Quantity Demanded (income = $24,000) $8    40 pizzas     50 pizzas 10    32     45 12    24     30 14    16     20 16      8     12 Use the midpoint method to calculate your price elasticity of demand as the price of pizza increases from $8 to $10 if (i) your income is $2000 and (ii) your income is $24000.

Suppose that your demand schedule for pizza is as follows: Price (Dollars) 8 10 12 14 16 Quantity of Pizzas Demanded (Income = $20,000) 40 32 24 16 8 Quantity of Pizzas Demanded (Income = $24,000) 50 45 30 20 12 Using the midpoint method, your price elasticity of demand as the price of pizzas increases from $8 to $10 is if your income is $24,000. If the price of a pizza is $12, your income elasticity of demand is pizza is $16, your income elasticity is if your income is $20,000 and as your income increases from $20,000 to $24,000. However, if the price of a     Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.