# III. Problems (2 problems) 1. Table 2-A ( Q new - Q old) x 100% (Qold)...

###### Question:

III. Problems (2 problems) 1. Table 2-A ( Q new - Q old) x 100% (Qold) Quantity Demanded of Good A 5 15 25 35 45 55 Quantity Supplied of Good A 55 45 35 25 15 5 Price of Good A $5.50$4.50 $3.50$2.50 $1.50$0.50 (Pnew - Pold) x 100% (Pold) Refer to Table 2-A. When price decreases from $5.50 to$4.50, please calculate the price elasticity of demand (using regular percentage calculation) of Good A.

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