Demand Schedule for Ski TicketsPrice($)Quantity Demanded(no. of ...

[jacob816]

Question 1

Demand Schedule for Ski Tickets

Price ($)	Quantity Demanded (no. of tickets)
120	0
110	100
100	200
90	300
80	400
70	500
60	600
50	700
40	800
30	900
20	1000
10	1100
0	1200

TABLE 4-2

Refer to Table 4-2. Total expenditure for ski tickets reaches a maximum at a price/quantity demanded combination of
◦ $20/1000.
◦ $100/200.
◦ $80/400.
◦ $60/600.
◦ $30/90.

Question 2

Demand Schedule for Ski Tickets

Price ($)	Quantity Demanded (no. of tickets)
120	0
110	100
100	200
90	300
80	400
70	500
60	600
50	700
40	800
30	900
20	1000
10	1100
0	1200

TABLE 4-2

Refer to Table 4-2. The price elasticity of demand over the interval of the demand curve between prices of $40 and $20 is
◦ 0.33.
◦ 1.0.
◦ 0.
◦ 3.0.
◦ -3.0.

[Tester]

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[jacob816]

Thanks for the timely response, appreciate it

[isabelt_18]

Gracias!