# a result of your answer in part A. Draw a diagram for your answer.Q2. The price elasticity of demand of product X is classified as unit elastic. At the priceof \$9.5 per unit the quantity demanded of product X is 21. At what price per unitshould product X be selling at if the quantity demanded is 19? Explain your answer.Q3. Peter likes movies but he decides that he will spend a fixed amount of \$1,000 permonth on movie tickets no matter what the nrice of ner movie ticket is Is Peter's.

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Question is pinned below help_outlineImage Transcriptionclosea result of your answer in part A. Draw a diagram for your answer. Q2. The price elasticity of demand of product X is classified as unit elastic. At the price of \$9.5 per unit the quantity demanded of product X is 21. At what price per unit should product X be selling at if the quantity demanded is 19? Explain your answer. Q3. Peter likes movies but he decides that he will spend a fixed amount of \$1,000 per month on movie tickets no matter what the nrice of ner movie ticket is Is Peter's. fullscreen
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Step 1

Price elasticity of demand of product X is unit. At price \$9.5 unit per quantity demanded of product X is 21. Since it is unit elasticity, percentage decrease quantity should equal to percentage increase in price.

Step 2

Change in price can be cal...

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