Elasticity Application 2
{"Image DocumentName": "Elasticity Application 2", "Image ImageDescription": "(Q2 \u2013 Q1) / [(Q2+Q1) / 2] (P2 \u2013 P1) / [(P2 + P1) / 2] Use the formula to show how you determine elasticity of demand for the graph. Q2 _______ - Q1_______ = ______ / Q2 ______+ Q1 _______ / 2 = _______ = ________. P2 _______ - P1_______ = ______ / P2 ______+ P1 _______ / 2 = _______ = ________. - Elasticity QD______ P______P = ________. Did the price change cause an elastic or inelastic response in the QD for insulin? ________________________________________________ Inelastic.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}