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Homework: Homework 4 Score: 0 of 2 pts End of Chapter 3.7 Hw score: 77.22%, 23.1

ID: 2440140 • Letter: H

Question

Homework: Homework 4 Score: 0 of 2 pts End of Chapter 3.7 Hw score: 77.22%, 23.17 of 30 pts Question Help Use the graph to the right for Yolanda's Frozen Yogurt Stand to answer the questions that tollow Use the midpoint tormula to calculate the price elasticity of dermand for Da between point A and point C and the price elasticity of demand for D2 between pont A and Price elasticity of demand for D,3.60 Enter your response rounded to two decimal places Be sure to inciode the mnu sign) Price elasticity of demand for D2-1-085 Enter your response rounded to two decimal places. Be sure to incluade the minus D2 50 000' 1000.. 2000-3000 4000-5000 II she changes her price to $3 50 per cone and her demand curve is D,, what will be the change in her revenue? $-325 What will be the change in her revenue if her demand curve is D2 answer box a Clear Al

Explanation / Answer

old total revenue = 2.50 * 200 = 500

New total revenue = 3.50 * 150 = 525

Change in total revenue = new total revenue- old total revenue

= 525 - 500 = $25