PERFORMANCE TASK 33
Compute the Elasticity of highlighted quantity and Price in the Demand and Supply scheduled. From your
given answer determine what type of Elasticity. Write your answers and computation on a separate sheet of
paper. (40 points)
1.
2.
PRICE
PRICE
QUANTITY
DEMANDED
0
QUANTITY
DEMANDED
0
P100
P100
80
10
10
80
20
60
20
60
30
40
30
40
40
20
40
20
50
0
50
0
.
3.
4.
PRICE
PRICE
QUANTITY
SUPPLIED
3
QUANTITY
SUPPLIED
1
P10
PIO
8
3
2
8
3
6
3
6
3
4
4
4
3
2
5
0
6
6
0