Learning Journal prompt: I. Refer to the Unit 3 Learning Journal Elasticity Tables document to complete the assignment. Calculate the price elasticity of demand from point B to point C. Classify the...



Learning Journal prompt:


I.  Refer to the Unit 3 Learning Journal Elasticity Tables document to complete the assignment.



  1. Calculate the price elasticity of demand from point B to point C.

  2. Classify the elasticity for point B to point C as elastic, inelastic, or unitary.

  3. Provide an explanation for the elasticity for point B to point C.

  4. Calculate the price elasticity of demand from point D to point E.

  5. Classify the elasticity for point D to point E as elastic, inelastic, or unitary.

  6. Provide an explanation for the elasticity for point D to point E.

  7. Calculate the price elasticity of demand from point G to point H.

  8. Classify the elasticity for point G to point H as elastic, inelastic, or unitary.

  9. Provide an explanation for the elasticity for point G to point H.

  10. Calculate the price elasticity of supply from point K to point L.

  11. Classify the elasticity for point K to point L as elastic, inelastic, or unitary.

  12. Provide an explanation for the elasticity for point K to point L.

  13. Calculate the price elasticity of supply from point N to point P.

  14. Classify the elasticity for point N to point P as elastic, inelastic, or unitary.

  15. Provide an explanation for the elasticity for point N to point P.

  16. Calculate the price elasticity of supply from point Q to point R.

  17. Classify the elasticity for point Q to point R as elastic, inelastic, or unitary.

  18. Provide an explanation for the elasticity for point Q to point R.


II.  Questions



  • What did you like most about the Unit 3 learning journal?

  • What did you least like about completing the Unit 3 learning journal?

  • What is the most interesting thing have you learned about Microeconomics since beginning this course?



Table 1: Demand for athletic shoes<br>Points<br>Price<br>Quantity<br>A<br>$10<br>1,200<br>в<br>$20<br>2,000<br>$30<br>3,500<br>$40<br>1,800<br>E<br>$50<br>1,700<br>F<br>$60<br>1,500<br>G<br>$70<br>2,200<br>$80<br>1,600<br>$90<br>1,300<br>J<br>$100<br>1,900<br>Table 2: Supply for sunglasses<br>Points<br>Price<br>Quantity<br>K<br>$4<br>1,000<br>L<br>$8<br>1,100<br>M<br>$16<br>1,400<br>N<br>$32<br>1,600<br>$64<br>3,200<br>Q<br>$128<br>1,000<br>$256<br>1,400<br>zPo R<br>

Extracted text: Table 1: Demand for athletic shoes Points Price Quantity A $10 1,200 в $20 2,000 $30 3,500 $40 1,800 E $50 1,700 F $60 1,500 G $70 2,200 $80 1,600 $90 1,300 J $100 1,900 Table 2: Supply for sunglasses Points Price Quantity K $4 1,000 L $8 1,100 M $16 1,400 N $32 1,600 $64 3,200 Q $128 1,000 $256 1,400 zPo R
Jun 10, 2022
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