ACTIVITY 1.

4
NAME: ESTAVILLO, ALPHA THEA T. BSBA 1-A

SOLUTION:
POINTS % Change in Quantity or % Change in Price Price Elasticity of
%ΔQ or %ΔP Demand or eₚ
A. (4000,60) 3800−4000 70−60
& ( 3800+400 ) /2 x 100 ( 70+60 ) /2 x 100 5/15
B. (3800,70) =0.33
-200/3900=0.05 10/65=0.15

5% 15%
C. (3600,80) 3400−3600 90−80
& ( 3400+3600 ) /2 x 100 ( 90+80 ) /2 x 100 5/11
D. (3400,90) =0.45
-200/3500=0.05 10/85=0.11

5% 11%
E. (3200,100) 3000−3200 110−100
& ( 3000+3200 ) /2 x 100 ( 110+100 ) /2 x 100 6/9
F. (3000,110) =0.66
-200/3300=0.06 10/105=0.09

6% 9%
G. (2800,120) 2600−2800 130−120
& ( 2600+2800 ) /2 x 100 ( 130+120 ) /2 x 100 7/8
H. (2600,130) =0.87
-200/2700=0.07 10/125=0.08

7% 8%

ANSWER:
POINTS % Change in % Change in Price Price Elasticity of
Quantity or %ΔQ or %ΔP Demand or eₚ
A&B 5% 15% 0.33
C &D 5% 11% 0.45
E&F 6% 9% 0.66
G&H 7% 8% 0.87