Data for the market for graham crackers is shown below. Calculate the elasticity of demand between the following prices.
Data for the market for graham crackers is shown below. Calculate the elasticity of demand between the following prices.
| Price of crackers | Quantity Demanded (per month) |
| $3 | 80 |
| $2.5 | 120 |
| $2 | 160 |
| $1.5 | 200 |
| $1 | 240 |
$1.00–$1.50: ___________________________________
$1.50–$2.00: ___________________________________
$2.00–$2.50: ___________________________________
$2.50–$3.00: ___________________________________
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