Ch4 Part2

Math Activity (20pts)

You must use pencil (no pen), write answers in complete sentences, and show your work (computations).

-For each problem you must do three things (a.b,c)

-In Econ, no negatives and round to 1 decimal place.

-Other info you need: 

Formula for %chg: Old-New/Old x 100= %chg

Elasticity: Inelastic = <1, Elastic = >1, Unitary = 1