The table below shows the demand schedule for museum admissions ...

[kled]

Question 1

The table below shows the demand schedule for museum admissions in a small city.

Price (per visit per person)	Quantity Demanded (thousands of person-visits per year)
$10	2
$8	4
$6	6
$4	8
$2	10

TABLE 4-1

Refer to Table 4-1. Between the prices of $2 and $4 the price elasticity of demand is
◦ 2/3.
◦ 1.
◦ 2.
◦ 1/3.
◦ 3.

Question 2

The table below shows the demand schedule for museum admissions in a small city.

Price (per visit per person)	Quantity Demanded (thousands of person-visits per year)
$10	2
$8	4
$6	6
$4	8
$2	10

TABLE 4-1

Refer to Table 4-1. Between the prices of $8 and $6 the price elasticity of demand is
◦ 1.00.
◦ 0.40.
◦ 0.71.
◦ 0.5.
◦ 1.40.

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[kled]

Thanks for the timely response, appreciate it

[strudel15]

YES! Correct, THANKS for helping me on my review