Using the starting point method, what is the price elasticity of demand from a price of $4.00 to a price of $4.50 per iced coffee?

The question is missing the graph as well as the options in the attached.

The elasticity of demand is 4,since the figure is greater than 1,demand is said to be elastic.

Unit elastic is not as elasticity is greater than 1

Explanation:

The formula starting point method for elasticity of demand is given as :-[(New quantity-Old quantity)/(New price-Old price)] *[Old price/Old quantity]

New price=$4.5

Old price=$4

From the graph quantity was 50 units at new price,100 units at old price

Elasticity of dd=-(50-100)/(4.5-4)*(4/100)=4

The formula has a negative sign because the relationship between price and quantity is inverse.

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

answer; /// egg production using the factory technique falls less than with the free range technique;