A.   Calculate the PED for a particular style of Tom’s shoes if there is a price decrease from $100 to $50 and the quantity demanded increases from 2500 to 10,000 pairs. (Use a diagram to help clarify your answer)

 

 

 

 

B.  Is this good elastic or inelastic? Does this answer support what we’ve learned about elasticity and what we might expect for a pair of Tom’s shoes? Briefly explain your answer

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E.     How many constitutions are there in the US.